How to Participate in a Teleconference or Videoconference ... · 07/07/2020 · levels are letter graded (A+ through F), while 600 and 800 level courses are S/U graded. Courses regularly

How to Participate in a Teleconference or Videoconference Board Meeting

The Board will conduct the July 20, 2020, meeting and Hearing by

teleconference or videoconference. To participate in a teleconference or

videoconference meeting of the Board, please send your name, email

address, telephone number, and employer/firm name to

[email protected] at least three business days before the

scheduled meeting.

mailto:[email protected]

PUBLIC SESSION AGENDA NORTH CAROLINA STATE BOARD OF CPA EXAMINERS

JULY 20, 2020 10:00 A.M.

VIA VIDEOCONFERENCE 1101 OBERLIN ROAD

RALEIGH, NC I. Administrative Items A. Call to Order

In accordance with North Carolina General Statute 163A-159, it is the duty of every Board member to avoid both conflicts of interest and appearances of conflict. Does any Board member have any known conflict of interest or appearance of conflict with respect to any matters coming before the Board today? If so, please identify the conflict or appearance of conflict and refrain from any undue participation in the particular matter involved. 1. Public Hearing - Case No. C2020024 - Paul L. Erickson - Request for Modification

of Discipline (ACTION) B. Welcome and Introduction of Guests C. Approval of Agenda (ACTION) D. Minutes (ACTION)

E. Financial/Budgetary Items 1. Financial Statements for June 2020 (ACTION)

II. Legislative & Rule-Making Items

III. National Organization Items A. UAA Model Rules Exposure Draft (ACTION) IV. State & Local Organization Items V. Committee Reports A. Professional Standards (ACTION) B. Professional Education and Applications (ACTION) C. Audit Committee (ACTION) VI. Executive Staff and Legal Counsel Report

A. Strategic Plan (FYI) B. Operational Metrics (FYI) C. Executive Staff Report (FYI)

VII. Public Comments VIII. Closed Session IX. Adjournment

PUBLIC SESSION MINUTES North Carolina State Board of CPA Examiners

June 18, 2020 Via Videoconference 1101 Oberlin Road Raleigh, NC 27605

MEMBERS ATTENDING: Michael S. Massey, CPA, President; Barton W. Baldwin, CPA, Vice President; Gary R. Massey, CPA, Secretary-Treasurer; Bernita W. Demery, CPA; Wanda B. Taylor, Esq.; Jennifer Van Zant, Esq.; and Arthur M. Winstead, Jr., CPA (all by simultaneous communication).

STAFF ATTENDING: Robert N. Brooks, Executive Director; David R. Nance, CPA, Deputy Director; Frank Trainor, Esq., Staff Attorney; Lisa R. Hearne, Communications Officer; and Noel L. Allen, Esq., Legal Counsel (all by simultaneous communication).

GUESTS: Sharon Bryson, CEO, NCACPA; Beth Monaghan, CPA, NCACPA Board of Directors; Douglas J. Brocker, Esq., The Brocker Law Firm, PA; W. Leon Rives, CPA, Rives & Associates, LLP; Leon Little Rives, II; Frederick Sharpless, Esq., Sharpless McClearn Lester Duffy, PA; Josh Waters, CPA, Medstream Anesthesia/Summit Billing Service, Michael S. Carey, CBH LLP, Jennifer Cantey, CPA, BMC Stock Building Supply; and Leslie Christian, Court Reporter (all by simultaneous communication).

CALL TO ORDER: President Massey called the meeting to order at 2:00 p.m.

PUBLIC HEARING: President Massey called the Public Hearing to order at 2:02 p.m. to hear Case Nos. C2013084-2, C2018297, I2012404-1, and I2012404-3 – William Leon Rives, CPA, Leon L. Rives, II, and Rives & Associates LLP. William Leon Rives, CPA, and Leon L. Rives, II, were present and represented by Fredrick Sharpless, Esq. Douglas J. Brocker, Esq., represented the Board. Messrs. Sharpless and Brocker made presentations to the Board. Mr. Winstead and Ms. Taylor moved to enter Closed Session to discuss the matters. Motion passed. The Board re-entered the Public Hearing, at which point Ms. Van Zant moved, and Mr. Winstead seconded the motion to refer the matter to the Office of Administrative Hearings to be presided over by an Administrative Law Judge. Motion passed with six (6) affirmative votes and one (1) negative vote by Mr. Baldwin. This Public Hearing is a matter is of public record

MINUTES: The minutes of the May 18, 2020, meeting were approved as submitted.

FINANCIAL AND BUDGETARY ITEMS: The May 2020 financial statements were accepted as submitted.

STATE AND LOCAL ORGANIZATION ITEMS: Mr. G. Massey provided an update on the Joint Task Force on Succession Planning with the Board and the NCACPA.

ITEM I-D

Public Session Minutes June 18, 2020

Page 2

REPORT OF THE PROFESSIONAL STANDARDS COMMITTEE: Mr. Winstead moved, and the Board approved the following recommendations of the Committee: Case No. C2019327 - Neikirk, Mahoney & Co. PLLC - Approve the Signed Consent Order (Appendix I). Case No. C2019339 Britt & Company, CPA, LLC - Approve the Signed Consent Order (Appendix II). Case No. C2020004 - BMC CPAs, Inc. - Approve the Signed Consent Order (Appendix III). Case No. C2020037 Mary Ann Helms Armstrong - Approve the Signed Consent Order (Appendix IV). Case No. C2019344 - Waldron H. Rand & Company, P.C. - Approve the Signed Consent Order (Appendix V). Case No. C2019187 - Close the case without prejudice. Case No. C2019320 - Close the case without prejudice. Case No. C2019348 - Close the case without prejudice. Case Nos. C2020048-1 and C2020048-2 - Close the cases without prejudice with a Letter of Warning. Case Nos.C2020055-1 and C2020055-2 - Close the cases without prejudice with a Letter of Warning. Case Nos.C2020057-1 and C2020057-2 - Close the cases without prejudice with a Letter of Warning. Case No.C2020069 - Close the case without prejudice. REPORT OF THE PROFESSIONAL EDUCATION AND APPLICATIONS COMMITTEE: Mr. G. Massey moved, and the Board approved the following recommendations of the Committee: Temporary Permits - The Committee recommended that the Board approve the following temporary permits that were approved by the Executive Director: Jan Zimmermann, T11930 Shu Dong Mallari, T11931 Melissa Yael Winston, T11932 Daniel Patrick Kelley, T11933 Karla J. Murphy, T11934

Kim Cherie Creasey, T11935 Kimberly Kathryn Slone, T11936 Hal Lincoln Young, T11937 Daniel Francis Lisewski, T11945 Anthony Robert Welburn, T11946


Page 3

Grayling Bennett Pruitt, T11947 Brittany Nicole Layton, T11948 Brant John Sprunger, T11949 Rodney Allen Tillinghast, T11950 Megan Danielle Stanton, T11951 Madeleine Griffin-Cone, T11952 Steven Thomas Chambers, T11953 Adam Quresh Sachee, T11954 John Vela Delarosa, T11955 Jonora Kinshasa Jones, T11956 Elizabeth Ashlea Tucker, T11957 Beverly Ann Erme-Cox, T11958 Laurie H. Londergan, T11959

Hanseok Go, T11960 Elizabeth Ashley Loudermilk, T11961 Shana Wides Angers, T11962 Aliya Sanderson, T11963 Paul Vincent Shimp, T11964 T’Andrea Latrelle Anissa White, T11965 Christopher Alan Teats, T11966 Jonathan Robert Rea, T11967 Scott Gerard Falls, T11968 Robert Newton Eberlein, T11969 Alexander James Raborn, T11970 Cynthia Jane Butcher, T11971

Reinstatements - The Committee recommended that the Board approve the following: Jonathan Rhett Esser, #34425 Sarah Marie Windt, #36144 Reissuance of New Certificate - The Committee recommended that the Board approve the following applications for reissuance of new certificate: Thomas Beverly Alvis, III, #33582 Barry Tyrone Leonard, #31241 Extension Requests - The Committee recommended that the Board approve the following individuals for an extension for completion of CPE until the dates noted: Benjamin Stuart Goldstein, #12741: June 30, 2020 Maida Carol Metz Renson, #13724: June 30, 2020 Susan Beck Thomas, #17760: June 30, 2020 Letter of Warning - The Committee recommended that the Board approve the requests to rescind the Letter of Warning issued to Alan Louis Polivick, #39545. Examinations –The Committee recommended that the Board approve the following staff-approved applicants to sit for the Uniform CPA Examination: Kate Adams Alexander Ade Michael Allen Deborah Anderson Nelson Ayson Camille Bailey Lauren Bakke Julie Barbour Tasha Barnes Jennifer Barrow

Amy Bayley Kristin Beck Madison Bencini Jacob Bishop Alexander Black Erika Blackston Angela Blackwell Meghan Bonham Andrew Bowden Jeffery Braddy


Page 4

Luke Bradley Bryelle Braswell Molly Brogden Sarah Brooks Akhari Brown Hannah Brown Kayla Brown Stephen Brown Anthony Bui Duncan Bullins Melanie Burke Chelsea Burney Benjamin Canup Rosa Castaneda Avila Joshua Cathey Jonathan Cauble Brandi Cawthorn Marina Chaconas Caroline Clevenger Andrew Cogdell Patrick Combs Matthew Core Andrew Cornwell Rose Cossuto Michelle Council Sheridan Crissman Tucker Crowder Leslie Cunnane Kevin Dao Thomas Davenport Kaycee Davis Hunter Dawson William Deleo Alexander DeVane Nicole Dilone Paige Domhoff De-Kia Downer Megan Dyer Nicholas Eberhardt Caroline Eidson Anna Elghanayan Christa Ellis Frank Erickson Alec Esoda Emily Etgen Shane Ferrero

Alex Fisher Gema Flete Jamie Fox Andrew Freeman Nicholas Fuchs Mary Futrell Tracettia Gaither Breonna Garrison Morgan Garriss Faith Geraghty David Gibbons Colin Gough William Gross Edwin Guest Brian Hardin Ronnie Harper John Harsh Daniel Haskell Austen Hawkey Kailey Hedgepeth Anna Hergenrader Joseany Hernandez Juarbe Charles Hicks Hannah Higgins Matthew Holland Brandon Holleman Austin Horne Marcus Hulbert Darrell Hunter Alexander Jackson Melicia James Christopher Johnson Jacob Johnson Spencer Johnson Marissa Jones Jonathan Kane George Karnazes Jacey Katch Amanda Kilduff Aleksandar Krajisnik Jenna Landis Johnathan Lara Megan Leasure Trevor Lee Samantha LeGrand Caleb Lewis


Page 5

Anthony Lott Andrew Mansell Nicholas Masinsin Ryan McMillin Corinne Monahan Tiaria Mulbah Rachel Mullican Sara Nicholson Connor Noonan Christian North Jared Onque Alexander Pantelakos Brett Parlier Evelyn Pearce Haley Perry Kalejah Pierce Brian Pinault Curtis Pouncy Carly Proctor Erica Propst Laura Purdy Dustin Ramos Charles Riker Faith Roberts Rachel Roeth Amber Romero Kathryn Sabol Kyra Schemmel Scott Sebbo Heather Shamblin

Elizabeth Sheehan Michael Shuster Joshua Siegal Indira Smith Michael Spurgeon Edward St. Amand Abigail Starnes Allan Staten Rachel Stewart Brandon Tahamtan Cheryl Taylor Cole Taylor David Templeton Elena Totchilova Shawn Turk Aniema Udoroh Carey Van Samuel Van Heukelom Erin Vankleeck Alexis Vann Victoria Vidal Emilie Vincitorio Wendy Warner Collin Warren Emily Webb Shelby White Adam Winegar Sydney Wohlfert Kristi Woolard Hannah Zerwas

The Committee recommended that the Board consider the staff recommendation to extend specific Exam section credit windows. Ms. Taylor and Mr. Winstead moved to approve the recommendation that Exam credit sections expiring April 1-December 30, 2020, be extended until December 31, 2020. Motion passed with (6) affirmative votes. Ms. Demery did not participate in the discussion, nor did she vote on this matter. EXECUTIVE STAFF AND LEGAL COUNSEL REPORT: President Massey discussed his plan to have Cheryl Farrar of NASBA facilitate the Board strategic planning session in October provided Ms. Farrar can be in Raleigh to facilitate the meeting. Mr. Nance provided the monthly operational metrics and reported on the plan to implement a virtual technology system for Board and committee meetings. The monthly Executive Staff report was provided as part of the agenda.


Page 6

CLOSED SESSION: Ms. Demery and Mr. Massey moved to enter Closed Session to discuss the report of the Personnel Committee. Motion passed. REPORT OF THE PERSONNEL COMMITTEE: Ms. Taylor and Mr. G. Massey moved to approve the recommendation of the Personnel Committee. Motion passed. ADJOURNMENT: Messrs. G. Massey and Winstead moved to adjourn the meeting at 4:10 p.m. Motion passed. Respectfully submitted: Attested to by: Robert N. Brooks Michael S. Massey, CPA Executive Director President

NORTH CAROLINA WAKE COUNTY

IN THE MATTER OF:

BEFORE THE NORTH CAROLINA STATE BOARD OF CERTIFIED PUBLIC ACCOUNTANT EXAMINERS

CASE#: C2019327

Neikirk, Mahoney & Co. PLLC, Respondent

CONSENT ORDER

THIS CAUSE, coming before the North Carolina State Board of CPA Examiners ("Board") at its offices at 1101 Oberlin Road, Raleigh, Wake County, North Carolina, with a quorum present. Pursuant to N. C. Gen. Stat. § 150B-41, the Board and Respondent stipulate to the following:

1. Neikirk, Mahoney & Co. PLLC (hereinafter "Respondent Firm"), has a principal placeof business outside of North Carolina and has no office in North Carolina. RespondentFirm is not a registered certified public accounting firm in North Carolina.

2. Respondent Firm performed an audit of a retirement plan sponsored in NorthCarolina ("ERISA audit").

3. The North Carolina Accountancy Act, at N.C. Gen. Stat. § 93-10(c)(3), requires firmsto provide notice without a fee to the Board prior to performing financial statementaudits or other engagements performed in accordance with the Statements onAuditing Standards. The members or partners of Respondent Firm were unaware ofthe notice requirement.

4. Respondent Firm did not provide the Board with a Notification of Intent to Practice("Notice") prior to performing the ERISA audit.

5. There is no indication that the audit performed by the Respondent Firm wasotherwise deficient.

6. Respondent Firm wishes to resolve this matter by consent and agrees that the Boardstaff and counsel may discuss this Consent Order with the Board ex parte, whetheror not the Board accepts this Consent Order as written. Respondent Firmunderstands and agrees that this Consent Order is subject to review and approval bythe Board and is not effective until approved by the Board at a duly constituted BoardMeeting.

BASED upon the foregoing, the Board makes the following Conclusions of Law:

1. Respondent Firm is subject to the provisions of Chapter 93 of the North CarolinaGeneral Statutes and Title 21, Chapter 08 of the North Carolina Administrative Code,including the Rules of Professional Ethics and Conduct promulgated and adoptedtherein by the Board.

2. By exercising the practice privilege afforded by N.C. Gen. Stat. § 93-lO(c) of theAccountancy Act, Respondent Firm consented to comply with the laws of this Stateand to be subject to the jurisdiction and disciplinary authority of the Board.

NC IJOAR■ or-

JUN -8 2020

APPENDIX I

18 June 2020


IN THE MATTER OF: Britt & Company, CPA, LLC, Respondent


CASE#: C2019339

CONSENT ORDER


1. Britt & Company, CPA, LLC (hereinafter "Respondent Firm"), has a principal placeof business outside of North Carolina and has no office in North Carolina. RespondentFirm is not a registered certified public accounting firm in North Carolina.








2. By exercising the practice privilege afforded by N.C. Gen. Stat. § 93-lO(c) of theAccountancy Act, Respondent Firm consented to comply with the laws of this State

and to be subject to the jurisdiction and disciplinary authority of the Board.NC GCAGD OF

MAY 2 2 2020

CPA EXAMiNERS

APPENDIX II

18 June 2020


IN THE MATTER OF: BMC CPAs, INC, Respondent


CASE #: C2020004

CONSENT ORDER


1. BMC CPAs, INC (hereinafter "Respondent Firm"), has a principal place of businessoutside of North Carolina and has no office in North Carolina. Respondent Firm isnot a registered certified public accounting firm in North Carolina.


3. The North Carolina Accountancy Act, at N.C. Gen. Stat. § 93-10(c)(3), requires firmsto provide notice without a fee to the Board prior to performing financial statementaudits or other engagements performed in accordance with the Statements onAuditing Standards. The members or partners of Respondent Firm were unaware of the notice requirement.



6. Respondent Firm wishes to resolve this matter by consent and agrees that the Boardstaff and counsel may discuss this Consent Order with the Board exparte, whetheror not the Board accepts this Consent Order as written. Respondent Firmunderstands and agrees that this Consent Order is subject to review and approval bythe Board and is not effective until approved by the Board at a duly constituted BoardMeeting.



2. By exercising the practice privilege afforded by N.C. Gen. Stat. § 93-lO(c) of theAccountancy Act, Respondent Firm consented to comply with the laws of this Stateand to be subject to the jurisdiction and disciplinary authority of the Board. NC BOARD eF

MAY 1 � 2020

APPENDIX III

18 2020June

NORTH CAROLINA

WAKE COUNTY

IN THE MATTER OF:

BEFORE THE NORTH CAROLINA STATE BOARD OF

CERTIFIED PUBLIC ACCOUNTANT EXAMINERS

CASE #C2020037

Mary Ann Helms Armstrong, CPA, #30676

Respondent CONSENT ORDER

THIS CAUSE, coming before the North Carolina State Board of CPA

Examiners ("Board") at its offices at 1101 Oberlin Road, Raleigh, Wake County, North

Carolina, with a quorum present. Pursuant to N. C. Gen. Stat. § 150B-41, the Board and Respondent stipulate to the following:

1. Mary Ann Helms Armstrong, CPA (hereinafter "The Respondent"), is the

holder of North Carolina certificate number 30676 as a Certified Public

Accountant.

2. The Respondent informed the Board on her 2018-2019 individual certificateRenewal ("Renewal") that between January 1, 2017, and June 30, 2018, she

had obtained the requisite forty (40) hours of continuing professional

education ("CPE") to meet the 2017 CPE requirements.

3. Based on the Respondent's representation, the Board accepted her Renewal.

4. The Board staff requested that the Respondent provide certificates ofcompletion for the CPE reported to meet her 2017 requirements.

5. The Respondent failed to provide documentation of at least two (2) hours of

ethics from a sponsor registered with NASBA to meet her 2017 CPE

requirements that she claimed on her 2018-2019 annual renewal.

6. The Respondent wishes to resolve this matter by consent and agrees that the

Board staff and counsel may discuss this Consent Order with the Board

ex parte, whether or not the Board accepts this Consent Order as written. The

Respondent understands and agrees that this Consent Order is subject toreview and approval by the Board and is not effective until approved by the

Board at a duly constituted Board Meeting.

, II.' fJC�· '�0 i.•l

JUN - l 2020

•,�l , F ''\ ,if I ••

• !

APPENDIX IV

Consent Order - 2

Mary Ann Helms Armstrong, CPA


1. The Respondent is subject to the provisions of Chapter 93 of the North

Carolina General Statutes and Title 21, Chapter 08 of the North Carolina

Administrative Code, including the Rules of Professional Ethics and Conduct

promulgated and adopted therein by the Board.

2. The Respondent's actions as set out above constitute violations of 21 NCAC

08N .0202(a), .0202(b)(3), and .0202(b)(4).

3. Per N.C. Gen. Stat. § 93-12(9), and also by virtue of the Respondent's consent

to this order, the Respondent is subject to the discipline set forth below.

BASED on the foregoing and in lieu of further proceedings, the Board and the

Respondent agree to the following Order:

1. The Respondent's failure to provide adequate documentation of CPE renders

the Renewal insufficient and untimely. The Respondent's failure to

adequately renew her certificate results in a forfeiture pursuant to N.C. Gen.

Stat. § 93-12(15).

2. The Respondent must return her certificate to the Board within fifteen (15)

days of her receipt of the Board's notification of its approval of this Consent

Order.

3. The Respondent may apply for the reissuance of her certificate after one (1)

year from the date the Board approves this Consent Order as long as the civil

penalty required in number five (5) of this Order has been timely received by

the Board.

4. The Respondent may apply to return her certificate to active status by

submission and approval of a reissuance application which includes:

a. Application form,

b. Payment of the application fee,

c. Three (3) moral character affidavits, and

d. Forty (40) hours of CPE in the twelve (12) months preceding the application

including an eight (8) hour accountancy law course as offered by the North

Carolina Association of CPAs.

JUN - 1 2020

18 June 2020



CASE #: C2019344

IN THE MATTER OF: Waldron H. Rand & Company, P.C., Respondent

CONSENT ORDER


1. Waldron H. Rand & Company, P.C. (hereinafter "Respondent Firm"), has a principalplace of business outside of North Carolina and has no office in North Carolina.Respondent Firm is not a registered certified public accounting firm in NorthCarolina.

2. Respondent Firm performed an audit of a retirement plan sponsored m NorthCarolina ("ERISA audit").







2. By exercising the practice privilege afforded by N.C. Gen. Stat. § 93-lO(c) of theAccountancy Act, Respondent Firm consented to comply with the laws of this StatiloARD or-·and to be subject to the jurisdiction and disciplinary authority of the Board.

JUN - 8 2020

APPENDIX V

Consent Order - 2 Waldron H. Rand & Company, P.C.

3. Respondent Firm's failure to comply with N.C. Gen. Stat. § 93-l0(c) of theAccountancy Act as set out above constitutes a violation of 21 NCAC 08N .0213.

4. Per N.C. Gen. Stat. § 93-12(9), 93-lO(b) and also by virtue of Respondent Firm'sconsent to this order, Respondent Firm is subject to the discipline set forth below.

BASED on the foregoing and in lieu of further proceedings, the Board and Respondent Firmagree to the following Order:

1. Respondent Firm shall remit, with this signed Order, a one thousand dollar ($1,000)civil penalty.

Individual auth rized to sign on

APPROVED BY THE BOARD THIS THE 18 DAY OF June --------�

2020

(Year) (Day) (Month)

NORTH CAROLINA STATE BOARD OF CERTIFIED PUBLIC ACCOUNTANT EXAMINERS

NC BOA;m or

JUN - 8 2020

CPA EXAMINERS

ITEM I-E-1

The Financial Statements (ITEM I-E-1) will be available at the meeting.

North Carolina State Board of Certified Public Accountant Examiners

MEMORANDUM

TO: Board Members

FROM: Robert N. Brooks, Executive Director

DATE: July I 0, 2020

RE: NASBA Uniform Accountancy Act (UAA) Model Rules Exposure Draft

Please review the attached documents in preparation for discussing the Board's response, if any,

to NASBA 's proposed changes to the UAA model rules on the education requirements for CPAs:

• UAA Exposure Draft;• Board Rules & Statutes on Education Requirements to Sit for the Uniform CPA Exam

and Obtain NC CPA Licensure (includes excerpts from Board forms and applications);• Accounting Degree/Concentration Course Requirements from NC Universities; ande Summary of NC Candidate Perfonnance on the Unifonn CPA Exam 2014-Q12020.

1101 Oberlin Road, Suite 104 • PO Box 12827 • Raleigh, NC 27605 • (919) 733-4222 • Fax (919) 733-4209 • nccpaboard.gov

ITEM III-A

May 26, 2020

TO: State Boards of Accountancy and other interested parties FROM: J. Coalter Baker, Chair – NASBA Uniform Accountancy Act Committee

As approved by the NASBA Board of Directors, we are releasing for a 90-day comment period proposed revisions to the Uniform Accountancy Act’s Model Rules that pertain to education. These revisions were developed by the AICPA/NASBA CPA Evolution Initiative and reviewed by the NASBA Uniform Accountancy Act Committee, which recommended them to the NASBA Board for public comment.

The changes being proposed cover several areas related to the education requirements for those wishing to enter the CPA profession. A guiding principle was to suggest Model Rules that aligned with those already implemented in a majority of states, and in that way to encourage uniformity among the states. The CPA Evolution Initiative limited their recommendations to those they believed to be most relevant to their charge.

Briefly, some of the more significant changes being proposed include:

● A revision is being proposed to Rule 5-1 that would remove the requirement that an accounting program mustbe recognized by the Council for Higher Education Accreditation (CHEA); instead the program must berecognized by the Board of Accountancy. Only a few States have adopted the language in the current ModelRules that calls for CHEA recognition. Many excellent accounting programs are recognized by the Associationto Advance Collegiate Schools of Business-International (AACSB), which is no longer listed by CHEA. Thisissue arises again in Rule 5-2 (d)(7).

● Rule 5-2(a) has proposed additions of developing skills in “critical thinking” and “professional skepticism,”as has been advocated by accounting educators worldwide.

● Consistent with the proposed revised model of the Uniform CPA Examination, establish required accountingcontent that is core to the accounting profession as defined in Rule 5-2(d)(2).

● Pre-approval of internship programs and independent study is being advised in proposed Rule 5-1 (f) and (g), tohelp ensure students receive valuable educational experiences.

● Boards are being urged to complete transcript reviews in Rule 5-2(c), as accrediting organizations are focused onthe overall quality of educational institutions, and not verifying that the content of the accounting programsmeets Boards of Accountancy licensing requirements. The issue of coverage is also raised in Rule 5-2(d)(6).

● Changes to align requirements among states and to add data analytics and related courses to basic subject matterto be covered are found in Rule 5-2(d). Also in Rule 5-2(d), you will note reference to areas “included in theUniform CPA Examination Blueprints” to allow for updating topics as needed.

● To cover situations where pertinent courses are not being offered inside the business school, but are available inanother college or university program, changes are being suggested to Rules 5-2(c) and (d).

● Currently, states have rules that permit three, or six, or an undetermined number of credits to be earned throughinternships and independent study. Changes are being proposed to Rule 5-2 (d)(7) to set the maximum numberat nine credits and describe the content. This can help with education costs and add flexibility to the curriculum.

We believe these changes will provide guidance for students, educators and regulators on the education needed to enter the evolving CPA profession in the years ahead. We encourage the State Boards and other interested parties to consider these proposed changes and send any comments or recommendations to the UAA Committee via [email protected] by August 31, 2020.

Sincerely,

J. Coalter BakerJ. Coalter Baker, CPAChair, NASBA Uniform Accountancy Act Committee

National Association of State Boards of Accountancy ____________________________________________________________________________________

150 Fourth Avenue North ♦ Suite 700 ♦ Nashville, TN 37219-2417 ♦ Tel: 615/880/4200

mailto:[email protected]

1

UAA Model Rule Requirements – Education

Rule 5‐1 ‐ Education requirements – definitions.

(a) “Semester credit hour” (SCH) means the conventional college semester credit hour.“Quarter credit hours” may be converted to semester credit hours by multiplying them bytwo-thirds; i.e., one quarter credit hour equals two-thirds of a semester credit hour.

(b) “College(s) or university(s)” means Board-recognized institution(s) of higher educationaccredited by Board recognized accrediting organizations.

(c) “Accredited” or “Accreditation” reflects the quality control of the education processprovided by Board-recognized regional, national or international accreditationorganizations. In determining acceptable accreditation organizations, the Board mayrecognize a Council for Higher Education Accreditation (CHEA) recognized regionaland/or national accreditation organization. These Rules refer to three levels ofaccreditation. Level 1 represents the most comprehensive review at the accountingprogram level and Level 3 is the least comprehensive review at the college or universitylevel. Colleges or universities without accreditation, as defined below, would generallylack any level of accreditation including the college or university, the business school orprogram (“business school”), and/or the accounting department or program (“accountingprogram”).

1. Level 1 accreditation – the accounting program. In a Level 1 accreditation, thecollege or university, business school, and the accounting program areseparately accredited. This level applies to an accounting program that isaccredited by an organization recognized by the Board as a specialized orprofessional accrediting organization, such as the Association to AdvanceCollegiate Schools of Business-International (AACSB). Accredited accountingprograms have met standards substantially higher and much more specific thanthose required for Level 2 or Level 3 accreditation.

2. Level 2 accreditation – the business school. In a Level 2 accreditation, thecollege or university and the business school are accredited, but the accountingprogram is not separately accredited. This level applies to a business school thatis accredited by an organization recognized by the Board as a specialized orprofessional accrediting organization, such as the AACSB or the Association ofCollegiate Business Schools and Programs (ACBSP).

3. Level 3 accreditation – the college or university. In a Level 3 accreditation, thecollege or university is accredited, but neither the business school nor theaccounting program meet Level 1 or Level 2 accreditation requirements. Thislevel applies to a degree-granting college or university that is not accredited atLevel 1 or Level 2, but is accredited by an organization currently recognized bythe Board as a regional, national or international accrediting organization, suchas Higher Learning Commission, Middle States Commission on HigherEducation, New England Commission on Higher Education, NorthwestCommission on Colleges and Universities, , Southern Association of Collegesand Schools Commission on Colleges, and WASC Senior College and UniversityCommission.

4. College or university without accreditation – an educational institution or entitythat does not have an accreditation of either the college or university, businessschool, or accounting program; or a college or university accredited byorganizations not recognized by the Board.

2

(d) “Integration of subject matter” means a program of learning where certain subjects,which may be discrete courses in some colleges or universities, are integrated orembedded within related courses. Colleges or universities that use an integratedapproach to cover such multiple course subjects should provide evidence of the requiredcoverage pursuant to Rule 5-2(d). Acceptance of integration of any subject matterrequires Board approval.

(e) “Ethics” means a program of learning that provides students with a framework of ethicalreasoning, professional values and attitudes for exercising professional skepticism andother behavior that is in the best interest of the public and profession. At a minimum, anethics program should provide a foundation for ethical reasoning and the core values ofintegrity, objectivity and independence.

(f) “Internship” means faculty pre-approved and appropriately supervised short-term workexperience, usually related to a student’s major field of study, for which the studentearns academic credit.

(g) “Independent study” means academic work selected or designed by the student with thepre-approval of the appropriate department of a college or university under facultysupervision. This work typically occurs outside of the regular classroom structure.

Rule 5‐2 ‐ Education requirements ‐ determining compliance of the applicant’s education.

(a) These requirements are intended to provide a foundation in accounting and businesscourse subjects. The program should:

1. Develop the skills required to apply the knowledge attained (including skills incommunications, critical thinking, research and analysis).

2. Include and emphasize ethical behavior, professional skepticism and judgment,and professional responsibility.

3. Provide the highest quality instruction in subjects that clearly contribute to theknowledge, skills and abilities necessary to meet the public’s expectations of aCPA.

(b) For purposes of Section 5(c) of the Uniform Accountancy Act, an applicant will bedeemed to have met the education requirement(s) if the Board has determined theapplicant has met the requirements of Rule 5-2(c) and Rule 5-2(d), together withappropriate consideration of Rule 5-2(a).

(c) Determining compliance of the applicant’s education shall be accomplished through theBoard’s use of the following procedures:

1. Reliance on accreditation, as defined in Rule 5-1(c), of the college or university,from which the candidate has obtained the necessary degree and hours asdefined in Rule 5-2(d) for purposes of determining the acceptability of the degreeand the amount of detailed review required for compliance with the accountingand business content. The Board may place significant reliance on the quality, ofaccounting and business courses included in accounting degrees from Level 1colleges or universities, however, the Board should complete a transcript reviewto ascertain appropriate coverage of accounting and business content inaccordance with Rule 5-2(d). The Board may place reliance on the quality of thebusiness courses included in business degrees from colleges or universities withLevel 2 accreditation , however, the Board should complete a transcript review toascertain appropriate coverage of accounting and business content inaccordance with Rule 5-2(d), including a more thorough review of the accountingcontent than from Level 1 colleges or universities. Transcripts from a Level 3college or university require more detailed review by the Board for compliance

3

with the accounting and business content. Degrees from colleges or universities without accreditation or with accreditation by an organization not recognized by the Board would generally not be acceptable.

2. Reliance on other procedures and information where the degree and/or courseswere obtained from a college or university(s) not meeting the accreditationrequirements of Rule 5-2(c)(1). Accepting degrees or courses under Rule 5-2(d)should only be based on evidence of acceptable course content, instruction andquality as would be expected by accreditation and as approved by the Board.

3. Reliance on other procedures and information where the requirements of Rule 5-2(d) are met by integration of subject matter. The requirements set forth in Rule5-2(e) should be used to determine compliance.

(d) An applicant shall be deemed to have satisfied the education requirements if thefollowing conditions are met:

1. Earned a graduate degree and/or a baccalaureate degree at a college oruniversity that is accredited, as described in Rule 5-1(c);

2. Earned a minimum of six SCH at the undergraduate level or three SCH at thegraduate level of principles or introductory accounting content and a minimum of24 SCH (or the equivalent) of accounting content at the undergraduate orgraduate level requiring a minimum of three SCH in each of the subject-mattercontent areas listed in Rule 5-2(d)(2)i. through iv below, and a minimum of twelveSCH in some or all of the subject-matter content areas listed in Rule 5-2(d)(2)vthrough xvii below:

i. Financial accounting and reporting for business organizationsii. Financial statement auditingiii. Taxationiv. Accounting information systemsv. Financial accounting and reporting for government and not-for-profit

entitiesvi. Attestation engagementsvii. Managerial or cost accountingviii. Mergers and acquisitionsix. Tax and financial planningx. Fraud examinationxi. Internal controls and risk assessmentxii. Financial statement analysisxiii. Accounting research and analysisxiv. Tax research and analysisxv. Data analytics, data interrogation techniques, and/or digital acumen in an

accounting context, whether taken in the business school or in anothercollege or university program, such as the engineering, computer science,or math programs

xvi. Ethics (accounting course)xvii. Other accounting-related content areas included in the Uniform CPA

Examination Blueprints or as may be approved by the Board.3. Earned a minimum of two SCH in research and analysis relevant to the course

content described in 5-2(d)(2) through a discrete undergraduate and/or graduateaccounting course, or two SCH integrated throughout the undergraduate and/orgraduate accounting curriculum. Colleges or universities must provide evidenceof coverage under integration as specified in Rule 5-2(e). The SCH earnedthrough a discrete course in research and analysis in accounting may fulfill two ofthe SCH of the accounting subject matter requirements in Rule 5-2(d)(2).

4

4. Earned a minimum of 24 SCH (or the equivalent) of business content, other thanaccounting, at the undergraduate and/or graduate level, covering some or all ofthe following subject-matter content:

i. Business lawii. Economicsiii. Managementiv. Marketingv. Financevi. Business communicationsvii. Statisticsviii. Quantitative methodsix. Information systems or technologyx. Data analytics, data interrogation techniques, and/or digital acumen,

whether taken in the business school or in another college or universityprogram, such as the engineering, computer science, or mathprograms.

xi. Ethics (business course)xii. Other business-related content areas included in the Uniform CPA

Examination Blueprints or as may be approved by the Board.5. Earned a minimum of two SCH in communications in an undergraduate and/or a

graduate course listed or cross-listed as an accounting or business course or twoSCH integrated throughout the undergraduate or graduate accounting orbusiness curriculum. Colleges or universities must provide evidence of coverageunder integration as specified in 5-2(e). The SCH earned through a discretecourse in communications may fulfill two SCH of the subject matter requirementsof Rule 5-2(d)(4).

6. Earned a minimum of three SCH in an undergraduate and/or a graduate courselisted or cross listed as an accounting or business course in ethics as defined inRule 5-1(e). A discrete three SCH course in ethics may count towards meetingthe accounting or business course requirements of Rule 5-2(d)(2) or Rule 5-2(d)(4). As an alternative, colleges or universities may choose to integrate thecourse throughout the undergraduate and/or graduate accounting or businesscurriculum. Universities must provide evidence of coverage under integration asspecified in Rule 5-2(e). Proof of coverage may be provided through specificevaluation by a specialized or professional accrediting organization recognizedby the Board, in which evidence is provided to assure the Board that the programof learning defined in Rule 5-1(e) has been adequately covered and at theequivalent of the three SCH minimum. Alternate methods for proof of ethicscoverage may be determined and approved by the Board following carefulscrutiny.

7. A maximum of nine SCH for internships and independent study, as defined inRule 5-1(f) and Rule 5-1(g), may count towards the education requirement ofSection 5(c) of the Uniform Accountancy Act. However, of the nine SCH, amaximum of three SCH may apply to accounting content required under Rule 5-2(d)(2) and a maximum of three SCH may apply to business content requiredunder Rule 5-2(d)(4).

(e) Colleges or universities that use an integrated approach to meet the requirements ofRule 5-2(d)(3, 5 or 6) must provide evidence that the respective subjects adequatelycover the desired content, with acceptable instruction and quality to attain the objectives.Proof of coverage may be provided through specific evaluation by a specialized orprofessional accrediting organization recognized by the Board. Alternate methods for

5

proof of coverage may be determined and approved by the Board following careful scrutiny.

1

UAA Model Rule Requirements – Education

Rule 5‐1 ‐ Education requirements – definitions.

(a) “Semester credit hour” (SCH) means the conventional college semester credit hour.“Quarter credit hours” may be converted to semester credit hours by multiplying them bytwo-thirds; i.e., one quarter credit hour equals two-thirds of a semester credit hour.

(b) “College(s) or university(s)” means Bboard-recognized institution(s) of higher educationaccredited by Boardgenerally recognized accrediting organizations.

(c) “Accredited” or “Accreditation” reflects the quality control of the education processprovided by generally Board -recognized regional, and/or national or internationalaccreditation organizations. In determining acceptable accreditation organizations, theBoard may recognize a Council for Higher Education Accreditation (CHEA) recognizedregional and/or national accreditation organization. These Rules refer to three levels ofaccreditation. Level 1 represents the most comprehensive review at the accountingprogram level and Level 3 is the least comprehensive review at the college or universitylevel. Colleges or universities without accreditation, as defined below, would generallylack any level of accreditation including the college or university, the business school orprogram (“business school”), and/or the accounting department or program (“accountingprogram”).

1. Level 1 accreditation – the accounting program. In a Level 1 accreditation, thecollege or university, business school, and the accounting program areseparately accredited. This level applies to an accounting program that isaccredited by an organization recognized by the Board Council for HigherEducation Accreditation (CHEA) as a specialized or professional accreditingorganization, such as the Association to Advance Collegiate Schools ofBusiness-International (AACSB). Accredited accounting programs have metstandards substantially higher and much more specific than those required forLevel 2 or Level 3 accreditation.

2. Level 2 accreditation – the business school. In a Level 2 accreditation, thecollege or university and the business school are accredited, but the accountingprogram is not separately accredited. This level applies to a business school thatis accredited by an organization recognized by the Council for Higher EducationAccreditation (CHEA)Board as a specialized or professional accreditingorganization, such as the AACSB or the Association of Collegiate BusinessSchools and Programs (ACBSP).

3. Level 3 accreditation – the college or university. In a Level 3 accreditation, thecollege or university is accredited, but neither the business school nor theaccounting program meet Level 1 or Level 2 accreditation requirements. Thislevel applies to a degree-granting college or university that is not accredited atLevel 1 or Level 2, but is accredited by an organization currently recognized bythe Council for Higher Education AccreditationBoard as a regional, national orinternational accrediting organization, such as Higher Learning Commission,Middle States Commission on Higher Education, New England Association ofSchools and Colleges Commission on Colleges or Universities of HigherEducation, Northwest Commission on Colleges and Universities, North CentralAssociation of Colleges and Schools-The Higher Learning Commission,Southern Association of Colleges and Schools Commission on Colleges, andWASC Senior College and University Commission.

2

4. College or university without accreditation – an educational institution or entitythat does not have an accreditation of either the college or university, businessschool, or accounting program; or a college or university accredited byorganizations not recognized by the Board.

(d) “Integration of subject matter” means a program of learning where certain subjects,which may be discrete courses in some colleges or universities, are integrated orembedded within related courses. Colleges or universities that use an integratedapproach to cover such multiple course subjects should provide evidence of the requiredcoverage pursuant to Rule 5-2(d). Acceptance of integration of any subject matterrequires Board approval.

(e) “Ethics” means a program of learning that provides students with a framework of ethicalreasoning, professional values and attitudes for exercising professional skepticism andother behavior that is in the best interest of the public and profession. At a minimum, anethics program should provide a foundation for ethical reasoning and the core values ofintegrity, objectivity and independence.

(f) “Internship” means faculty pre-approved and appropriately supervised short-term workexperience, usually related to a student’s major field of study, for which the studentearns academic credit.

(g) “Independent study” means academic work selected or designed by the student with thepre-approval of the appropriate department of a college or university under facultysupervision. This work typically occurs outside of the regular classroom structure.

Rule 5‐2 ‐ Education requirements ‐ determining compliance of the applicant’s education.

(a) These requirements are intended to provide a foundation in accounting and businesscourse subjects. The program should:

1. Develop the skills required to apply the knowledge attained (including skills incommunications, critical thinking, research, judgment and analysis).

2. Include and emphasize ethical behavior, professional skepticism and judgment,and professional responsibility.

3. Provide the highest quality instruction in subjects that clearly contribute to theknowledge, skills and abilities necessary to meet the public’s expectations of aCPA.

(b) For purposes of Section 5(c) of the Uniform Accountancy Act, an applicant will bedeemed to have met the education requirement(s) if the Board has determined theapplicant has met the requirements of Rule 5-2(c) and Rule 5-2(d), together withappropriate consideration of Rule 5-2(a).

(c) Determining compliance of the applicant’s education shall be accomplished through theBoard’s use of the following procedures:

1. Reliance on accreditation, as defined in Rule 5-1(c), of the college or university,from which the candidate has obtained the necessary degree and hours asdefined in Rule 5-2(d) for purposes of determining the acceptability of the degreeand the amount of detailed review required for compliance with the accountingand business content. State The Boards may place significant reliance on thequality, content and delivery method of accounting and business coursesincluded in accounting degrees from Level 1 colleges or universities, however,and as such, the Board should complete a transcript review to ascertainappropriate coverage of accounting and business content in accordance withRule 5-2(d). transcripts from such colleges or universities would require minimalor no Board review. The Board may place reliance on the quality of the business

3

courses included in business degrees from cColleges or universities with Level 2 accreditation would require little or no Board review of transcripts in terms of the business content, but, however, the Board should complete a transcript review to ascertain appropriate coverage of accounting and business content in accordance with Rule 5-2(d), including a more thorough review of the accounting content would require more review than from Level 1 colleges or universities. Transcripts from a Level 3 college or university would require more detailed review by the Board for compliance with the accounting and business content. Degrees from colleges or universities without accreditation or with accreditation by an organization not recognized by the Board would generally not be acceptable.

2. Reliance on other procedures and information where the degree and/or courseswere obtained from a college or university(s) not meeting the accreditationrequirements of Rule 5-2(c)(1). Accepting degrees or courses under Rule 5-2(d)should only be based on evidence of acceptable course content, instruction andquality as would be expected by accreditation and as approved by the Board.

3. Reliance on other procedures and information where the requirements of Rule 5-2(d) are met by integration of subject matter. The requirements set forth in Rule5-2(e) should be used to determine compliance.

(d) An applicant shall be deemed to have satisfied the education requirements if thefollowing conditions are met:

1. Earned a graduate degree and/or a baccalaureate degree at a college oruniversity that is accredited, as described in Rule 5-1(c);

2. Earned a minimum of six SCH at the undergraduate level or three SCH at thegraduate level of principles or introductory accounting content and a minimum of24 SCH (or the equivalent) of accounting courses content at the undergraduateor graduate level , excluding principles or introductory accounting courses,covering requiring a minimum of three SCH in each of the subject-matter contentareas listed in Rule 5-2(d)(2)i. through iv below, and a minimum of twelve SCH insome or all of the following subject-matter content areas listed in Rule 5-2(d)(2)v.through xvii below:, which are to be contemporaneously derived from the UniformCPA Examination Blueprints:

i. Financial accounting and reporting for business organizationsii. Financial statement auditing Financial accounting and reporting for

government and not-forprofit entitiesiii. TaxationAuditing and attestation servicesiv. Accounting information systemsManagerial or cost accountingv. Financial accounting and reporting for government and not-for-profit

entities Taxation vi. Attestation engagementsvii. Managerial or cost accountingviii. Mergers and acquisitions

v.ix. Tax and financial planningvi.x. Fraud examination

vii.xi. Internal controls and risk assessmentviii.xii. Financial statement analysisix.xiii. Accounting research and analysisx.xiv. Tax research and analysisxi.xv. Accounting information systemsData analytics, data interrogation

techniques, and/or digital acumen in an accounting context, whether

4

taken in the business school or in another college or university program, such as the engineering, computer science, or math programs

xii.xvi. Ethics (accounting course), as described in Rule 5-2 (d) (6)xiii.xvii. Other accounting-related content areas included in the Uniform CPA

Examination Blueprints or as may be approved by the Board. 3. Earned a minimum of two SCH in research and analysis relevant to the course

content described in 5-2(d)(2) through a discrete undergraduate and/or graduateaccounting course, or two SCH integrated throughout the undergraduate and/orgraduate accounting curriculum. Colleges or universities must provide evidenceof coverage under integration as specified in Rule 5-2(e). The SCH earnedthrough a discrete course in research and analysis in accounting may fulfill two ofthe SCH of the accounting subject matter requirements in Rule 5-2(d)(2).

4. Earned a minimum of 24 SCH (or the equivalent) of business coursescontent,other than accounting, at the undergraduate and/or graduate level, coveringsome or all of the following subject-matter content:

i. Business lawii. Economicsiii. Managementiv. Marketingv. Financevi. Business communicationsvii. Statisticsviii. Quantitative methodsix. Information systems or technologyx. Data analytics, data interrogation techniques, and/or digital acumen,

whether taken in the business school or in another college or university program, such as the engineering, computer science, or math programs.

ix.xi. Ethics (business course), as described in Rule 5-2 (d) (6)x.xii. Other business-related content areas included in the Uniform CPA

Examination Blueprints or as may be approved by the Board. 5. Earned a minimum of two SCH in communications in an undergraduate and/or a

graduate course listed or cross-listed as an accounting or business course or twoSCH integrated throughout the undergraduate or graduate accounting orbusiness curriculum. Colleges or universities must provide evidence of coverageunder integration as specified in 5-2(e). The SCH earned through a discretecourse in communications may fulfill two SCH of the subject matter requirementsof Rule 5-2(d)(4).

6. Earned a minimum of three SCH in an undergraduate and/or a graduate courselisted or cross listed as an accounting or business course in ethics as defined inRule 5-1(e). A discrete three SCH course in ethics may count towards meetingthe accounting or business course requirements of Rule 5-2(d)(2) or Rule 5-2(d)(4). As an alternative, colleges or universities may choose to integrate thecourse throughout the undergraduate and/or graduate accounting or businesscurriculum. Universities must provide evidence of coverage under integration asspecified in Rule 5-2(e). Proof of coverage may be provided through specificevaluation by a nationalspecialized or professional accrediting agencyorganization recognized by CHEAthe Board, such as AACSB or ACBSP, inwhich evidence is provided to assure the Board that the program of learningdefined in Rule 5-1(e) has been adequately covered and at the equivalent of the

5

three SCH minimum. Alternate methods for proof of ethics coverage may be determined and approved by the Board following careful scrutiny.

7. A maximum of ninesix SCH for internships and independent study, as defined inRule 5-1(f) and Rule 5-1(g), may count towards the education requirement ofSection 5(c) of the Uniform Accountancy Act subject matter requirements ofRule 5-2(d)(2) or Rule 5-2(d)(4). However, of the ninesix SCH, a maximum ofthree SCH may apply to accounting courses content required under Rule 5-2(d)(2) and a maximum of three SCH may apply to business coursescontentrequired under Rule 5-2(d)(4).

(e) Colleges or universities that use an integrated approach to meet the requirements ofRule 5-2(d)(3, 5 or 6) must provide evidence that the respective subjects adequatelycover the desired content, with acceptable instruction and quality to attain the objectives.Proof of coverage may be provided through specific evaluation by a specialized orprofessionalnational accrediting organizationagency recognized by CHEAthe Board,such as AACSB or ACBSP. Alternate methods for proof of coverage may be determinedand approved by the Board following careful scrutiny.

01-2020

North Carolina State Board of Certified Public Accountant Examiners 1101 Oberlin Road Suite 104 • PO Box 12827 • Raleigh NC 27605 Phone 919-733-1422 • Fax 919-733-4209 • Web nccpaboard.gov

STATUTES AND RULES REGARDING THE 150 SEMESTER HOUR REQUIREMENT FOR LICENSURE

NCGS 93-12(5) To issue certificates of qualification admitting to practice as certified public accountants, each applicant who, having the qualifications herein specified, has passed an examination to the satisfaction of the Board, in "accounting," "auditing," "business law," and other related subjects.

A person is eligible to take the examination given by the Board, or to receive a certificate of qualification to practice as a certified public accountant, if the person is a citizen of the United States, has declared the intention of becoming a citizen, is a resident alien, or is a citizen of a foreign jurisdiction which extends to citizens of this State like or similar privileges to be examined or certified, is 18 years of age or over, and is of good moral character.

To be eligible to take the examination given by the Board, a person shall submit evidence satisfactory to the Board that the person holds a bachelor’s degree from a college or university that is accredited by one of the regional accrediting associations or from a college or university determined by the Board to have standards that are substantially equivalent to a regionally accredited institution. The degree studies shall include a concentration in accounting as prescribed by the Board or shall be supplemented with courses that are determined by the Board to be substantially equivalent to a concentration in accounting.

The Board may, in its discretion, waive the education requirement of any candidate if the Board is satisfied from the result of a special written examination given the candidate by the Board to test the candidate's educational qualifications that the candidate is as well qualified as if the candidate met the education requirements specified above. The Board may provide by regulation for the general scope of such examinations and may obtain such advice and assistance as it deems appropriate to assist it in preparing, administering and grading such special examinations.

To be eligible to receive a certificate of qualification to practice as a certified public accountant, a person shall submit evidence satisfactory to the Board that:

a. The person has completed 150 semester hours and received a bachelor’s degree with aconcentration in accounting and other courses that the Board may require from a college or universitythat is accredited by a regional accrediting association or from a college or university determined bythe Board to have standards that are substantially equivalent to those of a regionally accreditedinstitution.

b. The person has the endorsement as to the person's eligibility of three certified public accountantswho currently hold licenses in any state or territory of the United States or the District of Columbia.

c. The person has one of the following:1. One year's experience in the field of accounting under the direct supervision of a certified public

accountant who currently holds a valid license in any state or territory of the United States or theDistrict of Columbia.

2. Four years of experience teaching accounting in a four-year college or university accredited byone of the regional accrediting associations or in a college or university determined by the Boardto have standards substantially equivalent to a regionally accredited institution.

3. Four years of experience in the field of accounting.4. Four years of experience teaching college transfer accounting courses at a community college or

technical institute accredited by one of the regional accrediting associations.5. Any combination of such experience determined by the Board to be substantially equivalent to the

foregoing.The Board may permit persons otherwise eligible to take its examinations and withhold certificates until the

person has had the required experience.

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01-2020

21 NCAC 08A .0309 CONCENTRATION IN ACCOUNTING (a) A concentration in accounting includes:

(1) at least 30 semester hours, or the equivalent in quarter hours, of undergraduate accountancycourses which shall include no more than six semester hours of accounting principles and nomore than three semester hours of business law; or

(2) at least 20 semester hours or the equivalent in quarter hours, of graduate accounting courses thatare open exclusively to graduate students; or

(3) a combination of undergraduate and graduate courses which would be equivalent toSubparagraph (1) or (2).

(b) In recognition of differences in the level of graduate and undergraduate courses, one semester (or quarter)hour of graduate study in accounting is considered the equivalent of one and one-half semester (or quarter) hoursof undergraduate study in accounting.(c) Up to four semester hours, or the equivalent in quarter hours, of graduate income tax courses completed inlaw schools may count toward the semester hour requirement of Paragraph (a) of this Rule.(d) Where, in the Board's determination, an accounting course duplicates another course previously taken, onlythe semester (or quarter) hours of one of the courses shall be counted in determining if the applicant has aconcentration in accounting.(e) Accounting courses include such courses as principles courses at the elementary, intermediate and advancedlevels; managerial accounting; business law; cost accounting; fund accounting; auditing; and taxation. There aremany college courses offered that would be helpful in the practice of accountancy, but are not included in thedefinition of a concentration in accounting. Such courses include business finance, business management,computer science, economics, writing skills, accounting internships, and CPA exam review.

21 NCAC 08F .0410 EDUCATION REQUIRED OF CANDIDATES FOR CPA CERTIFICATION (a) G.S. 93-12(5)a sets forth the education required of candidates applying for CPA certification. The 150 semesterhours required include a concentration in accounting, as defined by 21 NCAC 08A .0309; and(b) 24 semester hours of coursework that include one three semester hour course from at least eight of the following10 fields of study:

(1) communications;(2) computer technology;(3) economics;(4) ethics;(5) finance;(6) humanities or social science;(7) international environment;(8) law;(9) management; or(10) statistics.

(c) Anyone applying for CPA certification who holds a Master's or more advanced degree in accounting, tax law,economics, finance, business administration, or a law degree from an accredited college or university is incompliance with Paragraph (b) of this Rule.

13

01-2020


FIELDS OF STUDY DEFINED A person applying for a certificate of qualification should have a bachelor’s degree or advanced degree, either of which includes at least 150 semester hours of coursework from a college or university determined by the Board to have standards substantially equivalent to a regionally accredited institution. The 150 semester hours should include: 30 semester hours of accounting, which shall include no more than six hours of accounting principles, and 24 semester hours of coursework which shall include one three semester-hour course from at least eight of the ten fields of study listed below. A course cannot be used more than once to satisfy the concentration in accounting, required fields of study, and the total semester hours.

Communications This field of study will give an individual knowledge of oral and written communication skills. This field includes but is not limited to speech, business writing, public speaking, report writing, debate, technical writing, business communications, and advanced writing skills coursework above basic introductory composition.

Computer Technology This field of study will give an individual knowledge of computer hardware and computer applications. This field includes but is not limited to information systems, electronic spreadsheet, database management, word processing, and programming.

Economics This field of study will give an individual a knowledge of the economic system. This field includes but is not limited to micro/macro economics, labor economics, managerial economics, resource and environmental economics, money and financial markets, and comparative economic systems.

Ethics This field of study will give an individual a knowledge of discipline which society has imposed on itself through laws, customs, moral standards, and rules of professional conduct. This field includes but is not limited to ethics, ethics of religion, business ethics, ethics of philosophy, and professional ethics. NOTE: Religion and philosophy courses are not automatically considered ethics courses.

Finance This field of study will give an individual a knowledge of the financial practices of business. This field includes but is not limited to finance, banking and money, corporation finance, business finance, insurance, real estate, capital budgeting, and financial planning.

Humanities and Social Science This field of study will give an individual a knowledge of human values and choices and the human process. This field includes but is not limited to psychology, geography, sociology, leadership, anthropology, political science, criminal justice, and social welfare.

International Environment This field of study will give an individual a knowledge of the international environment. This field includes but is not limited to international accounting, international business, foreign language, international trade, international finance, international marketing, foreign economy, and international organizations.

Law This field of study will give an individual a knowledge of the legal environment of business. This field includes but is not limited to business law, commercial law, regulatory law, professional regulations of the profession, and international law.

Management This field of study will give an individual a knowledge of the operation of business. This field includes but is not limited to personnel, marketing, human resources, production management, operations and business policy, human relations, organizational behavior, and quantitative methods for management.

Statistics This field of study will give an individual a knowledge of the application of statistical methodology. This field includes but is not limited to statistics, behavior research, business statistics, survey sampling, probability and statistical computing, and database management.

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CPA CERTIFICATE APPLICANT WORKSHEET 150 SEMESTER-HOUR REQUIREMENT

This worksheet is designed to assist you with applying for certification in North Carolina. You were allowed to sit for the Uniform CPA Examination with an undergraduate degree, but you may have additional transcripts* to submit with your certificate application to show compliance with NCGS 93-12(5) [see attached].

Please be sure that you have provided all of the following as applicable:

• all undergraduate transcript(s)* from regionally accredited schools showing bachelor’sdegree and 30 semester hours of accounting;

• transcripts* from all regionally-accredited schools;• transcripts* showing additional semester hours to meet the 150-hour requirement; and• transcript* showing completion of master’s degree pursuant to 21 NCAC 08F .0410(b).

If you took courses from a college or university that were later transferred to the college or university from which you earned your bachelor’s degree, please note that not all hours taken may have been accepted and will not be listed on the final transcript.

You cannot use a course more than once to satisfy the concentration in accounting; the required fields of study; or the total semester hours.

You may calculate any additional hours of credit by subtracting the transferred hours from your bachelor’s degree college or university and adding the hours from any colleges or universities where you took the additional courses.

You should discount any duplication or repeats of coursework. You may convert quarter hours to semester hours by multiplying the quarter hours by .67.

Please refer to the Board’s website, nccpaboard.gov, for additional information.

*E-Transcripts, such as those requested through the National Student Clearinghouse, aredeemed unofficial if printed and submitted with your application. You may request that thecollege or university send the transcript directly to Alice Grigsby ([email protected]) inthe Board’s Licensing Section.

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01-2020

CPA CERTIFICATE APPLICANT WORKSHEET 150 SEMESTER-HOUR REQUIREMENT If you hold a master’s or more advanced degree in accounting, business administration, economics, finance, or tax law, pursuant to 21 NCAC 08F .0410(b) and have completed at least 30 semester hours of accounting courses, you are deemed in compliance with NCGS 93-12(5)(a) and you do not need to complete this worksheet. Otherwise, you should complete this worksheet and attach all official college transcripts not already submitted with your application for certification.

Applicant’s Full Name (First/Middle/Last/Suffix)

A. CONCENTRATION IN ACCOUNTING (21 NCAC 08A .0309)

Course Code # Course Title School Credit Hours

Total A. Credit Hours B. REQUIRED FIELDS OF STUDY (21 NCAC 08F .0410)

Subject Area Course Code # Course Title School Credit Hours

Communications

Computer Technology

Economics

Ethics

Finance

Humanities/Social Science

International Environment

Law

Management

Statistics

Total B. Credit hours C. DEGREES (DO NOT LIST COURSES, ONLY THE NUMBER OF HOURS NOT LISTED IN A OR B ABOVE)

Degree School Credit Hours (not listed in A or B above)

Total C. Credit Hours

TOTAL HOURS (A+B+C)

11

UNC Pembroke

B.S. in Accounting Checklist 2019-20 Catalog requirements

General Education and Phys. Ed. Requirements (45 semester hours), including [ ] Arts & Humanities: PHI 2040 Ethics [ ] Social Science: ECN 2020 Principles of Microeconomics [ ] Social Science: PSY 1010 Introduction to Psychology [ ] Mathematics: MAT l 070 College Algebra [ ] Gen. Ed. electives: ECN 2030 Principles of Macroeconomics

General Business Requirements (33 semester hours) [ ] DSC 2090 Spreadsheets & Database Management (Prior course in using business software recommended.) [ ] ACC 2270 Fund. of Financial Accounting & Reporting MAT 1070 [ ] ACC 2280 Accounting Tools for Managerial Decisions C or better in ACC 2270 [ ] BLA W2 I 50 Legal & Ethical Issues in the Business Environment [ ] MGT 3060 Organization & Management [ ] MKT 3120 Principles of Marketing [ ] MGT 3030 Business Communications [ ] DSC 3180 Applied Business Statistics [ ] DSC 3190 Business Analytics

[ ] FIN 3 I 00 Business Finance

[ ] MGT 4660 Business Strategy

Accounting Requirements (30 semester hours) [ ] ACC 321 O Financial Reporting and Analysis I

[ ] ACC 3220 Financial Reporting and Analysis II [ ] ACC 3310 Cost Analysis & the Decision Making

Process [ ] ACC 4130 Accounting Info. Sys & Data Analysis [ ] ACC 4170 Tax Planning for Individuals & Related

Ethical Issues [ ] ACC 4180 Tax Planning for Business Entities and

Related Ethical Issues

C or better in ENG I 060 C or better in MAT I 070 or in a higher level MAT course. C or better in DSC 3 I 80

one of {DSC 2090 or DSC 1590} and Cs or better in MAT I 070, in ACC 2270, and in DSC 3 I 80 MGT 3030 and one of {MGT 4410 or ACC 3310} and Cs or better in MGT 3060, MKT 3120 and in FTN 3100

C or better in ACC 2270

C- or better in ACC 321 oC or better in ACC 2280

DSC 2090, ACC 33 IO (may be concurrent with ACC 4 I 30) ACC 2270

ACC 4170

[ ] ACC 4220 Financial Reporting for Complex Business ACC 3220 Entities, Governments, and Not-for-Profit Entities

[ ] ACC 4580

[ ] ACC 4660 [ ] BLAW3180

Auditing Financial Statements with ACC 3220 a Forensic Mindset Forensic Accounting & Fraud Examinations ACC 3210, ACC 3310 Ethical Standards and Commercial BLA W2 I 50, FIN3 I 00 Regulations and Their Impact on Business

Passport for Professional Success (0 semester hours) BUS 1001 must be done first. [ ] BUS 1001 Awareness 1 [ ] BUS I 002 Awareness 2 [ ] BUS 1003 Fundamentals I [ ] BUS I 004 Transition [ ] BUS 1005 Extended Engagement [ ] BUS 1006 Fundamentals 2

University Electives and Freshman Seminar (12 semester hours) Total hours toward graduation must be at least 120 semester hours, including UNCP, transferred courses, and AP credits. This will usually require four 3-semester hour courses. [ ] Elective l [ ] Elective 2 [ ] Elective 3 [ ] Elective 4

Writing Intensive Requirement At least three of your General Education, Business, or University Elective courses (9 semester hours) must be Writing Enriched (WE) or Writing in the Discipline (WD) courses and at least one of them must be a WD course.

[ ] WD [ ] WE or WD [ ] WE or WD

UNC Wilmington Cameron School of Business AdvisinfWorksheet

B.S. Business Administration £1.t IOt()(M. cw Hl}ElHEU

Accountancy Concentration

2020 - 2021 Catalogue

Cameron Admission Notes Prereqs

MAT 151 or 161 Calculus MAT 111 MIS 213 Mgt Info Systems None

BAN 280 Statistical Analysis MATlll ACG 201 Fin Accounting MAT 111

ACGL 201 Accounting Lab MATlll

ECN 221 Microeconomics MATlll

ECN 222 Macroeconomics ECN 221

ENG 101+201 or 103

□ Minimum C· required in all admission courses

□ 12 hrs in business courses at UNCW + sophomore standing

□ 2.7 UNCW GPA reciuired for admission

Cameron Core Courses Notes Prereqs

k::ourses with • Require Junior Standing -OR· CSB Admission to Enroll

ACG 203 Managerial Acct ACG 201, ACGL 201

BUS 206 & ENG 206 Must be declared Pre-Bus

FIN 335 Financial Mgt ACG 201, ECN 222, BAN 280

SCM 370 Supply Chain Mgt BAN 280

• BLA 361 Business Law 60 hrs or CSB Admission

• INB 300 International Bus ECN 222

• MGT 350 Princip of Mgt 60 hrs or CSB Admission

• MKT 340 Princip of Mkt 60 hrs or CSB Admission

Concentration/Capstone Notes Prereqs

Courses with • Require CSB Admission to Enroll

ACG 301 Ext Fin Report 1 C or better in ACG 201 &

ACG 306 Acct Info Syst Co-req: 301 C or better in ACG 201 &

• ACG 302 Ext Report 2 C or better in ACG 301 • ACG 406 Auditing Concepts C or better in ACG 301 & 306

• ACG 305 Adv Managerial C or better in ACG 201 &

• ACG 404 Income Taxes ACG 301

* ACG 445 (WI) Topics C or better in ACG 306

9 hrs in Concentration • MGT 455 Comp Strategy FIN 335, SCM 370, BLA 361,

INB 300, MGT 350, & MKT 340

University Studies Notes

I.A. ENG 101 or 103

I.A. ENG 201 Exempt w/ ENG 103 I.B. Wellness: PED 101I.C. Mathematics Met with MAT 151 or BAN 280

1.0. Foreign Language lsee Language Reguirements 1.0. Foreign Language

1.0. Foreign Language '"If applicable. Check audit• II.A. Aesthetic, Int, Lit (AIL)

ii .A. Aesthetic, Int, Lit (Al L) 2nd Discipline: 11.B. Historical/Philos (HPA)

11.B. Historical/Philos (HPA) 2nd Discipline: 11.C. Science (SNW) no Lab

11.C. Science (SNW) w/ Lab 2nd Discipline: 11.D. Human Inst & Behv (UHIB) Met with ECN 221 or ECN 22211.D. Human Inst & Behv {UHIB) Met with MGT 35011.E. Living Diverse Nation (LON) Met with MGT 35011.F. Global Society (LGS) Met with INB 300 IV.A. Writing Intensive (WI) Met with BUS+ENG 206 IV.A. Writing Intensive (WI) Met with ACG 445 IV.B. Info Literacy (IL) Met with MIS 213 IV.B. Info Literacy (IL) Met with SCM 370 IV.C. Critical Reasoning + Oral Met with MGT 455CommunicationsV. Explorations Beyond ... Met with BUS+ENG 206

Note: See degree audit to locate courses that fulfill University Studies requirements.

Are You Clear to Graduate?

D Minimum 120 earned hours to graduate

D Earned Good Academic Standin 2.0 overall to raduate

D Earned minimum C· in Concentration + Core courses in same concentration unless otherwise noted.

D Applied to Graduate by Deadline (one semester in f h

NC A& T State University

DEPARTMENT OF ACCOUNTING AND FINANCE

BACHELOR OF SCIENCE IN ACCOUNTING

Curriculum Guide 2019-2020

Student: --------------------�BANNER ID: ________ _

Date: _________ _

-·-····· "' • lli� -FRESHMAN YEAR: First Semester 15 FRESHMAN YEAR: Second Semester

FRST 101 College Success 1 BUED 110 Business Computer Apps (BUED 210)

MATH 111 College Alg. & Trlg. 1 4 MATH 112 Calculus for Business and Tech

ENGL 100 Ideas and Their Expressions I 3 ENGL 101 Ideas and Their Expressions II

Scientific Reasoning 12 4 Scientific Reasoning 11 2

African Am Culture/History Elective3 3 MGMT 110 Business Environment (MGMT 220)

SOPHOMORE YEAR: First Semester 16 SOPHOMORE YEAR: Second Semester

ACCT 221 Principles of Accounting I 3 ACCT 222 Principles of Accounting II

ECON 200 Principles of Economics - Micro 3 ECON 201 Principles of Economics - Macro

ECON 206 Statistics for Decision Making 3 BUED 260 Business Communication (BUED 360)

SPCH 250 Speech Fundamentals 3 Global Awareness Elective4

MGMT132 Intro to Mgmt Info Systems (MIS 241) 3 Free Electives

ACCT 201 Accounting Colloquium I 1 ACCT 202 Accounting Colloquium II

I JUNIOR VEAR: First Semester 15 JUNIOR YEAR: Second Semester

ACCT 331 Intermediate Accounting I (ACCT 441) 3 ACCT 332 Intermediate Accounting II (ACCT 442)

ACCT 344 Cost Accounting (ACCT 444) 3 ACCT 362 Accounting Systems (ACCT S62)

FIN 343 Principles of Finance (FIN 4S3/253) 3 MKTG 230 Marketing Concepts (MKTG 430)

MGMT315 Management Science (MGMT 481) 3 MGMT 201 Management Concepts (MGMT 422)

Free Electives 3 FIN 454 /MGMT 355 International Finance or

International Business Mgmt. (FIN 553/MGMT 526)

I,. SENIOR VEAR: First Semester 15 SENIOR VEAR: Second Semester

ACCT 455 Advanced Accounting (ACCT 545) 3 ACCT 461 Auditing Principles (ACCT 561)

ACCT 443 Income Tax Accounting 3 ACCT 495 Strategic Applications in Accounting

MGMT303 Legal Envir.of Business (MGMT 361) 3 MGMT429 Business Law (MGMT 562)

Free Electives 3 MGMT495 Strategic Management (MGMT 520)

Business Elective6 3 Total Credit Hours: 120

1 MATH 111 can be replaced with MATH 103 + MATH 104 (combined); MATH 101 might be required first based on SAT/ACT math scores. MATH131 and/or MATH 132 can be used as substitutions for either MATH 111 or MATH 112. All MATHS require a minimum grade of C or better. 2 See the University's website for the approved list of General Education electives in the Scientific Reasoning category; one MUST be lab-based.3 See the University's website for the approved list of General Education electives in the African-American Culture and History category.4 See the University's website for the approved list of General Education electives in the Global Awareness category.

16

3

4

3

3

3

16

3

3

3

3

3

1

15

3

3

3

3

3

12

3

3

3

3

5 Free electives : (a) students MUST select one 3-credit hour course from the following- BUED 440, BUED 447, FIN 369 or ENGL 226. (b) Remaining

electives can be any course either external to COBE or inside COBE except ACCT 210, ACCT 463, and ACCT 326. Students participating in the Study

Abroad program should select ACCT 231. 6 This course may be any 300-level or 400-level course in the COBE. Students planning to sit for the CPA exam should select FIN 350 or FIN 451.

UNC Charlotte Degree Requirements

The following courses are required. Students may attempt each of these courses two times.

General Education Courses (37-41 credit hours) For details on required courses, refer to the General Education program.

Business Core Courses (24 credit hours)

• BLAW 3150 - Business Law I (3)• COMM 3160 - Business Communications (3)(0,W)• FINN 3120 - Financial Management(3)• INFO 3130- Management Information Systems(3)• MGMT 3140 - Management and Organizational Behavior (3)• MGMT 3280 - Strategic Management (3)• MKTG 3110 - Principles of Marketing (3)• OPER 3100 - Operations Management(3)

Major Courses (22 credit hours) • ACCT 3311 - Intermediate Financial Accounting I (3)• or ACCT 3323 - Intermediate Accounting I (3)•

• ACCT 3312 - Intermediate Financial Accounting II (3) • or ACCT 3324 - Intermediate Accounting II (3)•

• ACCT 3300 - Professional Development for Accountants (1)

• ACCT 3325 - Intermediate Accounting Ill (3)• ACCT 3330 - Managerial Accounting and the Decision Process (3)• ACCT 3340 - Accounting Information Systems (3)• ACCT 3350 - Introduction to Auditing (3)• ACCT 4220 - Income Tax (3)

ECU College of Business

• About• Undergraduate• Graduate• Research• Global• Alumni

Accounting Course Descriptions

Accounting Courses

ACCT 2101 - Survey of Financial and Managerial Accounting ACCT 2401 - Financial Accounting ACCT 2521 - Managerial Accounting ACCT 3101 - Fraud Examination ACCT 3551 - Intermediate Accounting I ACCT 3561 - Intermediate Accounting II ACCT 3621 - Cost Accounting ACCT 3731 -Advanced Accounting ACCT 3851 -Accounting Information Systems ACCT 4451 - International Accounting ACCT 4611 - Taxation for Decision Making ACCT 4621 - Controllership Topics ACCT 4631 - Internal Auditing ACCT 4641 - Governmental and Not-for-Profit Accounting ACCT 4661 -Accounting Systems II ACCT 4921 -Accounting for Business Professionals

172 Course Descriptions NC State University

Course Descriptions The course descriptions are arranged first in alphabetical order according

to course prefix reflecting the department or discipline of the course.

Some courses are cross-listed, indicating that they are offered in two or

more departments or disciplines. Within each of the prefix groups, the

course descriptions are arranged by course number. Numbers 100-299

are courses intended primarily for freshmen and sophomores. Numbers

300-499 are courses intended primarily for juniors and seniors; numbers

490-498 are seminar, project, or special topics courses; number 499 is for

undergraduate research.

Courses numbered 500 - 600 are taught at the Masters level and

most are available to advanced undergraduates. Doctoral courses are

numbered 700 - 899. Graduate courses numbered at the 500 and 700

levels are letter graded (A+ through F), while 600 and 800 level courses

are S/U graded. Courses regularly letter graded (A+ through F) may not

be taken for S/U grading by graduate students. Courses numbered in the

900 series are open to College of Veterinary Medicine students.

A typical course description shows the prefix, number, and title followed

by prerequisite, credit and offering information. Prerequisites are courses

or levels of achievement that a student is expected to have completed

successfully prior to enrolling in a course. Corequisites are courses

which should be taken concurrently by students who have not previously

completed the corequisites. Prerequisites or corequisites for a given

course may be waived by the instructor of the course or section. It is

the student's responsibility to satisfy prerequisites, or obtain from the

instructor written waiver of prerequisites, for any course in which he or

she may enroll. Failure to satisfy prerequisites may result in removal from

enrollment in the course. Consent of the department is required for all

practicum and individual special topics or special problems courses as

well as internships and thesis or dissertation research. Some courses

also have restrictive statements, such as "Credit in both MA 141 and MA

131 is not allowed." Restrictive statements for a given course may be

waived only by a college dean.

An example of credit information is: ACC 200 Introduction to

Managerial Accounting 3.The 3 indicates the number of semester hours

credit awarded for satisfactory completion of the course. Some courses

are offered for variable credit, and a listing of 1-6 indicates that from

one to six semester hours of credit may be earned as arranged by the

department writing the course.

Accounting (ACC)

ACC - Accounting Courses

ACC 200 Introduction to Managerial Accounting 3.

Prerequisite: ACC 210.

Analysis of accounting data that are useful in managerial decision making

and in the control and evaluation of the decisions made within business

organizations. An introduction to basic models, financial statement

analysis, cost behavior analysis and cost control procedures.

ACC 210 Concepts of Financial Reporting 3.

Financial reporting concepts, the accounting information generating

process, reporting practices, financial statement preparation, and the

interpretation and analysis of financial statements. Basic accounting

principles and concepts, the accounting cycle, income measurement, and

internal controls.

ACC 220 Introduction to Managerial Accounting 3.


The course is designed to provide students with a basic understanding

of managerial accounting concepts. Students will analyze accounting

data that are useful in managerial decision making and in the control and

evaluation of the decisions made within business organizations. Credit

will not be allowed for both ACC 220 and ACC 200.

ACC 230 Individual Income Taxation 3.

The course focuses on the fundamental concepts of individual income

taxation. It is suitable for business and nonbusiness students. Students

will apply tax law learned in the course to a real world setting by

conducting tax research and preparing actual income tax forms and

returns.

ACC 280 Survey of Financial and Managerial Accounting 3.

This course cannot be used to satisfy degree requirements for the

accounting degree or the business degree within the Poole College of

Management. This course does not substitute for either ACC 210 or

ACC 220 ..

This course covers the basic principles and concepts of financial and

managerial accounting. Students will learn about the role of accounting

in business including how to prepare basic financial statements and

how accounting information is used by: (1).external stakeholders (i.e.,

stockholders, creditors and government) to evaluate the financial

performance of an organization; and (2) internal users (management) to

fulfill the planning, control and performance evaluation functions.

ACC 295 Special Topics in Accounting 1-6.

Presentation of accounting material at the 200-level not normally

available in regular course offerings, or offering of new courses on a trial

basis. Course may be taken multiple times only if topic is different.

ACC 310 Intermediate Financial Accounting 13.

Prerequisite: ACC 210 with a C+ or better.

This course introduces the conceptual framework of financial accounting

and process of developing professional standards along with the

foundations of accounting and reporting systems. Students are provided

an in-depth analysis of the income statement, the balance sheet, the

statement of cash flows, and the reporting process. The course also

covers measurement and reporting issues for major categories of assets

on the balance sheet.

ACC 311 Intermediate Financial Accounting II 3.

Prerequisite: ACC 310 with grade of C- or better.

A continuation of topics introduced in Intermediate Financial Accounting

I [ACC 310]. Topics include the Statement of Cash Flows, the Statement

of Stockholders Equity, accounting for investments in equity and debt

securities, liabilities, leasing, pension and post-retirement benefit plans,

deferred income taxes, revenue recognition, and various forms of stock

based compensation plans.

ACC 330 An Introduction To Income Taxation 3.

Prerequisite: ACC 210 with a grade of C- or better.

Basic income tax principles and procedures (including research and

planning) with an emphasis on all types of entities and business

transactions. Exposure to a range of tax concepts within the framework of

financial reporting.

ACC 340 Accqunting Information Systems 3.

Prerequisite: BUS 340 and ACC 210 with a grade of C- or better.

Accounting is an information system that supports business processes and decision-making through record-keeping, reporting, and control. This course covers transaction cycles, related internal controls, and the use of computer applications (Microsoft Excel and Access, SAP, and Sage 50). to collect, organize, analyze, and report accounting data. Students will design, develop, and implement a database in this course.

ACC 411 Business Valuation 3.

Prerequisite: ACC 210, BUS 320, and (BUS/ST 350 or ST 302 or ST 361

or ST 370 or ST 372).

Conceptual framework of how businesses work, value generation and reporting. Interpretation of financial statements and their use in valuation of the firm.

ACC 420 Cost Accounting for Effective Management 3.

Prerequisite: ACC 210 with C- or better and ACC 200 or ACC 220 with a

C- or better.

Cost Accounting for Effective Management focuses on the development and use of managerial accounting information in planning, control, and decision making activities and in designing and implementing business strategies. Integration of performance measurement and cost control with corporate strategy.

ACC 440 Enterprise Resource Planning Systems 3.


Enterprise resource planning (ERP) systems are business systems that integrate and streamline data across the company into one complete system that supports the needs of the entire organization. Course content includes ERP marketplace, ERP technology, business process redesign and process mapping, planning, package selection, implementation and operation of ERP systems, ERP module functionality, and visualization of ERP data. As NCSU is a member of the SAP University Alliance, you will have the opportunity to obtain hands-on experience with the SAP ERP system and SAP data analytics software. Credit will not be allowed for both ACC 440 and MBA 515.

ACC 450 Auditing and Assurance Services 3.

Prerequisite: ACC 311 with a C- or better and ACC 340 and (BUSI

ST 350, or ST 302, or ST 361, or ST 370, or ST 372).

Introduction to auditing practice and theory. Focuses on developing skills for interpreting business strategies and identifying related business risks that may impact the risk of material misstatement in financial statements, describing internal control solutions to those risks, identifying evidential sources, and designing strategies to provide assurance about the financial statements, internal control over financial reporting, and other business information.

ACC 451 Internal Auditing 3.

Prerequisite: ACC 210 with grade of C- or better and ACC 340.

An overview of the theory, practice, and design of internal audit activities. Examine industry standards and the professional practices of the internal audit. Evaluate risk and controls related to operations, information technology, fraud, and compliance. Design and manage assurance activities. Assess audit evidence and communicate engagement results.

ACC 460 Governmental and Nonprofit Accounting 3.


Accounting and reporting for state and local governments, including budgeting and financial analysis. Accounting for nonprofit organizations emphasizing voluntary health and welfare organizations.

ACC 495 Special Topics in Accounting 1-6.

Presentation of material not normally available in regular course offerings, or offering of new courses on a trial basis.

NC State University 173

-ACC 498 Independent Study in Accounting 1-6.

Detailed investigation of topics of particular interest to advanced undergraduates under faculty direction on a tutorial basis. Credits andcontent determined by faculty member in consultation with the associate department head. Individualized/independent Study and Research courses require a "Course Agreement for Students Enrolled in NonStandard Courses" be completed by the student and faculty member priorto registration by the department.

ACC 499 Internship in ACC 1-6.

Prerequisite: Completion of ACC 310 and ACC 311. Restricted to

accounting majors. Departmental approval required ..

A full-time accounting-related professional internship. Participants will communicate with instructor weekly over the course of the internship to discuss progress and insights. A post-internship interview and paper is also required. Internships may vary in duration from 8 to 15 weeks. Individualized/Independent Study and Research courses require aCourse Agreement for Students Enrolled in Non-Standard Courses be completed by the student and faculty member prior to registration by the department. This form can be obtained from the Accounting department or from the Poole Office of Undergraduate Programs.

ACC 508 Advanced Commercial Law 3.

Prerequisite: MAC Program.

A study of law and regulation as a structure in which to develop business goals and strategies. Students will examine those elements of law and regulation that are a context for ethical business behavior. Students will also study the provisions oflaw and regulation including case-law that must be followed as a part of the strategic planning process and in theprocess of implementing business methods and procedures.

ACC 510 Advanced Financial Accounting 3.


Study of complex financial reporting topics affecting U.S. corporations.Focus on the underlying business rationales associated with transactions/ events triggering the complex financial reporting issue. Topics will includeinternational accounting, consolidations, mergers and acquisitions,derivatives, SEC reporting, and other emerging issues.

ACC 519 Applied Financial Management 3.


A study of key business decision made and tools used by CFOs in their executive management roles. Students will focus on managerial analysistools (e.g., business plans; budgeting) and finance issues (e.g., fundingalternatives, treasury, and cash management). The course will include management skills related to the CFO, such as negotiations, leadership, delegation, interactions with boards, etc.

ACC 520 Advanced Management Accounting 3.


A study of how accounting and operating information is used in management planning and decision making. Students will apply advanced costing models and design and evaluate management decision making information systems. Topics will include issues that are appropriate for consideration by executive management and the board of directors.

ACC 530 Advanced Income Tax 3.


A study of the tax consequences of business, financial, and personalwealth-planning transactions. Students will examine the economicor legal context of transactions along with the non-tax motives of the transacting parties. The course will consider the efficiency of lax strategies in terms of their impact on net cash flows and other financial reporting effects.

174 Accounting (ACC)

ACC 533 Accounting and Tax Research 3.


A study of research methods, procedures and tools used to develop

solutions to technical and policy-oriented business problems. Students

will consult various competent authorities on taxation, accounting,

auditing, and general business in the development of business problem

solving techniques.

ACC 540 IT Risks and Controls 3.


A study of how business strategies use information technology (IT) as an

efficient enabler of redesigned core business processes. Students will

focus on how the use of IT affects risk management by eliminating certain

risks and introducing others. Students will examine IT control solutions

used to address IT risks and will address issues affecting assurance

engagements related to IT systems.

ACC 550 Advanced Auditing 3.


A study of the impact of business risks on the design and performance of

audit procedures to detect material misstatements in financial statements.

Students will be exposed, through a case-based approach, to significant

business issues related to audit planning, risk assessment and auditor

response, corporate governance, reporting, and other significant

business issues affecting audit professionals in their first years of

employment.

ACC 560 Tools for Tax Analytics 1.

R: Graduate Standing or PBS.

In this course we will teach the skills needed to identify many of the

situations where the method of accounting for tax purposes for revenue

and expense differs from that used in financial accounting. Focus will

be placed on analyzing and outlining those differences in a concise and

visual manner in order to assist upper management understand the tax

implications of their operational and financial accounting decisions. To

assist us in this, we will utilize analytic tools that are regarded as required

knowledge by today's tax departments. After a brief review of basic

analytics skills, we will focus on more advanced analytic tools which will

be reinforced with tax-focused examples and assignments specifically to

allow the student to apply these featured analytics topics in tax situations.

An undergraduate degree and basic tax and accounting knowledge

required.

ACC 561 Database Management in Tax 1.


In this course, we will teach the skills needed to understand and identify

many aspects of the state income tax apportionment process. Focus

will be placed on the calculations and analyses required to present

the state and local tax information in such a manner as to assist upper

management in the business-expansion decision-making process. The

tax apportionment process requires a solid understanding of database

management. To assist us in this, we will utilize database management

tools that are considered required knowledge by today's tax departments.

After a brief review of introductory database management topics, we

will focus on more advanced database management topics which will

be reinforced with tax-focused examples and assignments specifically

created to allow students to see these featured database management

topics when applied to tax scenarios. An undergraduate degree and basic

tax and accounting knowledge required.

ACC 562 Forecasting Effective Tax Rates and Scenario Analysis

Introduction 1.


in this course we will examine the different definitions of book income

and taxable income with a focus on accounting for income taxes

under ASC 740. Students will contrast the principles of conservatism

reflected by generally accepted accounting principles and by the tax

law. In addition, students will learn how to utilize regression analysis

and scenario analysis to provide additional insights about these tax

topics and to forecast future effective tax rates. Tax-focused examples

and assignments created specifically to allow the student to apply

regression analysis in tax situations will reinforce the technology

covered in this course. In addition to utilizing regression analysis,

this course will examine tax technical subjects to provide the student

sufficient knowledge to complete the examples and assignments. An

undergraduate degree and basic tax and accounting knowledge required.

ACC 563 Forecasting Effective Tax Rates and Scenario Analysis .

Advanced Application 1.

P:ACC 562.

In this course we will continue to examine the different definitions of book

income and taxable income but the primary focus will be on examining

tax disclosures in financial statements and gaining an understanding

of how they can be used for financial statement analysis. We will also

carry out regression and scenario analysis to provide additional insights

into disclosed tax information. These types of insights are of significant

benefit and often utilized in decision making by company management

and financial analysts employed by investment funds. The skills learned

will be reinforced with tax-focused examples and assignments created

specifically to allow the student to apply regression and scenario analysis

in tax situations. In addition to utilizing regression and scenario analysis,

this course will examine lax technical subjects to provide the student

sufficient knowledge to complete the examples and assignments. An


ACC 564 Project Management and Process Documentation In Tax 1.


In this course we will focus on tax project management and tax process

documentation skills. Students will develop an understanding of project

management in the context of a tax provision process assessment for

a hypothetical company, Project Clarity. Students will also develop an

understanding of internal control best practices and how they apply to

a corporate tax department's tax provision process. In addition, they

will develop the skills necessary to identify improvements within the tax

provision process and learn how to prepare a flow chart of the process.


required.

ACC 565 Visual Analytics in Tax 1.

P:ACC560.

We will teach visual analytics to enhance the value and quality of the tax

information provided to decision makers in an organization. All aspects

of tax including planning, tax provision work, compliance and controversy

work will be covered. The focus will be on state and local nexus, sales

and use taxes. and foreign bank account reporting (FBAR) requirements.

Students will also learn lo manipulate data into a visual front end so that

those reviewing the data with the purpose of decision-making will have an

easier time reading and interpreting the data analytics. An undergraduate

degree and basic tax and accounting knowledge required.

ACC 566 Database Management Applications in Tax 1.

P:ACC 561.

In this course, we will teach the skills needed to understand and identify

more advanced aspects of the state income tax apportionment process,

including combinations and consolidations. The student will gain

knowledge in the areas of data query language, data definition language,

and data manipulation language using structured query language.

Students will learn more advanced tools to retrieve, define, store, and

update state income tax data in a database management program. These

tools will be reinforced with tax focused examples and assignments

specifically created to allow the student to see these featured topics when

applied to tax scenarios. An undergraduate degree and basic tax and

accounting knowledge required.

ACC 567 Enterprise Resource Planning for Tax 1.


In this course, we will teach Enterprise Resource Planning (ERP)

concepts that will be useful to tax professionals to better understand

the client's information environment and gauge how best to access

needed client tax information. Students will learn about ERP systems

and obtain hands-on experience with the financial accounting, asset

accounting (AA), and plant maintenance (PM)1 courses in the SAP

ERP system. ERP concepts will be reinforced with tax-focused

examples and assignments including revisiting tax deduction material,

as well as learning more about the Tangible Property and Repair

Regulations. Credit will not be allowed for this course and for MBA 515.


required.

ACC 568 Analysis of Unstructured Data In Tax 1.


The objective of this course is to get insight into the analysis of

unstructured data and gain an understanding of how to utilize it within

a tax focused environment. Upon finishing the course, students will be

able to extract tax related information from a collection of text documents.

Also, students will be able to uncover concepts and themes that are

concealed in those documents. There will also be a demonstration of

traditional data mining techniques. An undergraduate degree and basic

tax and accounting knowledge required.

ACC 569 Advanced Visual Analytics in Tax 1.

P:ACC 565.

Visualization helps us see and understand the story the data tells us. In

this course, students will be introduced to an interactive data visualization

tool which allows users to select specific tax information and customize

the format of visualization to assist in the management decision making

process. Students will learn how to use this tools to increase the

relevance and usefulness of tax data. The software will be used in

specific tax-related applications, including foreign bank account reporting

exposure and compliance, country by country reporting, state income tax

exposure, compliance data and risk analysis. An undergraduate degree

and basic tax and accounting knowledge required.

ACC 570 Data Security and Warehousing In Tax 1.


The course is focused on the importance of data security with respect

to all financial data but specifically tax data. It also covers the area

of tax data warehousing from the standpoint of the differing financial

detail needs of a tax department and the benefits of utilizing a Cloud

solution. Students will gain insight into data securing learning protection

of networks and cryptography with emphasis on the data security in a

tax focused environment. An undergraduate degree and basic tax and

accounting knowledge required.

NC State University 175

ACC 571 Enterprise Resource Planning• Advanced Applications 1.

P: ACC 567.

in this course we will focus on extracting and manipulating data housed

in an Enterprise Resource Planning system in order to address complex

tax issues. The tax technical subjects to be covered include revisiting the

tangible personal property regulations, the uniform capitalization rules as

they apply to inventory, VAT taxes and the consolidated return rules. An


ACC 588 Special Topics In Accounting 1-6.

Course objectives dependent upon unique circumstances motivating

offering of course. Timely curriculum innovation the primary motivation.

Departmental consent required.

ACC 600 Managerial and Career Effectiveness 1.


Knowledge and skills needed to advance professional accounting career.

Strategic communication of self and ideas in professional and classroom

settings. Diagnosis of organizational culture. Impression management

and appropriate business behavior. Leadership of individuals, group

dynamics, and team building.

ACC 630 Independent Study 1-3.

Advanced topics not otherwise included in curriculum by advanced

graduate students on a tutorial basis. Determination of credits and

content by participating faculty in consultation with Director of Graduate

Programs. Departmental consent required.

Adult & Higher Education (EAC)

EAC - Adult Higher Education Courses

EAC 301 Introduction to Leadership Fundamentals 3.

Prerequisite: Sophomore standing, Junior standing, or Senior standing.

This course will provide basic understandings of the components of

leadership that can be applied to their current and future leadership

experiences on campus or in their individual communities, and to provide

a model of critical reflection for those applications.

EAC 496 Special Topics In Adult Learning and Leadership 1-6.

Exploration of specialized areas and topics of current interest in adult

learning and leadership.

EAC 517 Current Issues in Higher Education 3.

Examination of important social, political and economic issues affecting

present and future operation of colleges and universities in America.

Graduate standing or PBS status required.

EAC 522 Foundations of Adult Education 3.

Introduction to the field of adult education as an area of graduate study

and practice. It is intended for those who have experience or desire to

work with adult learners or with organizations that serve adult learner

populations.

EAC 532 Health Care Delivery Systems and Environments 3.

Prerequisite: Graduate standing.

Organization of health care delivery system, services and recourses.

Focus on major social, economic, political and professional factors

contributing to shaping the system and influencing change. Analysis of

organizations and environments in regard to demand for health personnel

and the implications for health occupations education.

CPA Exam Performance Summary: 2014

North Carolina

Overall Performance Section Performance

Unique Candidates 1,712 Sections Score

New Candidates 793 First-Time 3,135 75.0

Total Sections 4,832 Re-Exam 1,697 72.1

Passing 4th Section 632

AUD 1,300 74.6

Sections/Candidate 2.82 BEC 1,138 75.6

Pass Rate 56.7% FAR 1,209 72.4

Average Score 74.0 REG 1,185 73.4

% Pass

62.0%

46.7%

52.9%

63.6%

53.6%

57.2%

Jurisdiction Rankings (1 to 53) Exam Type by Percent

Candidates Sections

16 16

6 9

Pass Rate Avg Score

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2014 Q-1 2014 Q-2

2014 Q-1 2014 Q-2

55% 61%

--0 :0

2014 Q-1 2014 Q-2

1,029

2014 Q-3 2014 Q-4

1,597 1,148

I 2014 Q-3 2014 Q-4

60% 49%

<, =Q

2014 Q-3 2014 Q-4

91

CPA Exam Performance Summary: 2013

North Carolina

Overall Performance

Unique Candidates 1,721

New Candidates 781

Total Sections 4,898

Passing 4th Section 612

Sections/Candidate 2.85

Pass Rate 55.7%

Average Score 74.1

Jurisdiction Rankings (1 to 53)

Candidates Sections

17 15

5 8

Pass Rate Avg Score

Vl 957 1,003

(I)

C

2012 Q-1 2012 Q-2 2012 Q-3

1,673

1,289

II Vl 1,058 C

0

■I I(I)

2012 Q-1 2012 Q-2 2012 Q-3

56% 63%

?ft.

2012 Q-1 2012 Q-2 2012 Q-3

2012 Q-4

1,127

ll 2012 Q-4

114%

Section Performance

Sections Score % Pass

First-Time 3,027 75.3 61.4%

Re-Exam 1,871 72.1 46.5%

AUD 1,324 75.0 52.5%

BEC 1,132 75.8 63.1%

FAR 1,204 72.3 53.3%

REG 1,238 73.3 54.6%

Exam Ty12e by Percent

Re-Exam

38%

987

2013 Q-1 2013 Q-2

1,315

928

II■r 2013 Q-1 2013 Q-2

51% 59%

978

2013 Q-3

1,523

I 2013 Q-3

62%

First-Time

62%

823

2013 Q-4

1,132

II 2013 Q-4

47%

-=----,,-,-·- �

2012 Q-4 2013 Q-1 2013 Q-2 2013 Q-3 2013 Q-4

91

North Carolina 2018 CPA Examination: All Test Results

Exam Type Exam Section Jurisdiction Ranking Overall FT RE AUD BEC FAR REG

Candidates Sections Candidates 1,626 1,190 801 917 774 901 1,004

17 15 Sections 4,217 2,675 1,542 1,103 840 1,071 1,203

% Pass 57.6% 63.5% 47.2% 55.8% 68.0% 52.3% 56.5% 6

Avg Score 74.0 75.6 71.3 74.1 78.5 71.4 73.2 Pass Rate Avg Score

Avg Age 27.2 26.3 28.8 26.9 27.1 27.1 27.5

Gender Residence Cohort Year Age at Time of Examination

F M

7 4

11 4

Candidates

Sections

% Pass

Avg Score

Avg Age

45.5% 25.0%

68.7 65.3

31.7 31.3

1,122

811

Q-1

1,508

1,103

AUD

I 2016 Q-1 2016 Q-2

58.7%

u

1,615

4,202

57.6%

74.1

27.2

2016 Q-3

U.S.A. lnt'I 2018

1,625 1 781

4,216 1 2,200

57.5% 100.0% 63.2%

74.0 80.0 75.7

27.2 24.0 25.4

1,079

798

Q-2

1,335

840

BEC

I 2016 Q-4 2017 Q-1

I

2017 2016 Other <22 22-23 24-25 26-27

427 192 226 27 598 406 203

1,067 457 493 46 1,655 813 418

59.8% 44.2% 40.0% 65.2% 66.6% 55.0% 55.0%

74.6 69.7 69.2 79.2 77.0 73.2 72.3

27.5 29.6 32.1 21.0 22.7 24.4 26.5

Candidates

1,162 1,010

851 759

Q-3 Q-4

Sections

1,378 1,374

1,071 1,203

FAR REG

Average Age

2017 Q-2 2017 Q-3 2017 Q-4 2018 Q-1 2018 Q-2

%Pass

60.4% 60.9%

2016 Q-1 2016 Q-2 2016 Q-3 2016 Q-4 2017 Q-1 2017 Q-2 2017 Q-3 2017 Q-4 2018 Q-1 2018 Q-2

87

Copyright ,c1 2019 National Association of State Boards of Accountancy, Inc. All nghts reserved

28-29 30-34 35+

137 198 265

300 435 550

55.3% 49.2% 43.1%

73.3 71.9 69.4

28.5 31.7 41.8

- 2016- 2017

2018

- 2016- 2017

2018

I 2018 Q-3 2018 Q-4

61.0%

2018 Q-3 2018 Q-4

CPA Exam Performance Summary: 2019 Q-1

North Carolina Overall Performance Section Performance

Unique Candidates

New Candidates

Total Sections

Passing 4th Section

Sections I Candidates

Pass Rate

Average Score

1.456

852 1 9

8

6

1

Q-1

Q-1

1,498

1.079

722

262 First-Time

852 Re-Exam

77 AUD

1.18 BEC

55.28% FAR

73.48 REG

Jurisdiction Ranking Candidates Sections

17

7

Pass Rate

Q-2

Sections 1,675

Q-3

Candidates

17

6

Avg Score

■i 798

1.162 958

■■ 851

Q-2 Q-3

Average Age 28.9

SectiQDS -5.@m

366 75.49

485 71.94

239 72.89

236 78.19

237 69.55

140 73.17

1,380

Ii., Q-4

1.010

■i

760

Q-4

28.4

27.2

%eass

61.48%

50.52%

52.72%

65.25%

45.15%

60.0%

- 2016- 2017

2018- 2019

- 2016- 2017

2018- 2019

2016 Q-2 2016 Q-3 2016 Q-4 2017 Q-1 2017 Q-2 2017 Q-3 2017 Q-4 2018 Q-1 2018 Q-2 2018 Q-3 2018 Q-4 2019 Q-1

%Pass

59% 50% 61% 61%

2016 Q-2 2016 Q-3 2016 Q-4 2017 Q-1 2017 Q-2 2017 Q-3 2017 Q-4 2018 Q-1 2018 Q-2 2018 Q-3 2018 Q-4 2019 Q-1

Page 1 of 2


North Carolina Overall Performance

Unique Candidates

Section Performance

New Candidates

Total Sections

Passing 4th Section


Pass Rate

Average Score

l.45£,

Q-1

Inn

i

Q-1

28.4

2016 0-3 2016 0-4 20170-1

54%

2016 0-3 2016 0-4 2017 0-1

807

187

1,016

104

First-Time

Re-Exam

1.26

60.53%

74.98

AUD

BEC

FAR

REG


17

12 Pass Rate

94] l.06) 1.016

I I Q-2

■ ■ Q-2

2017 0-2 2017 0-3

2017 0-2 2017 0-3

17

I 11 Avg Score

Sections l,f,75 1 1,3'3 1 ·'"·

Q-3

Candidates

1. I(,;, 958 ll'il

■■ Q-3

Average Age 28.9

2017 Q-4 2018 0-1

% Pass

50%

2017 0-4 2018 O·l

Page 1 of 2

2018 Q-2

2018 Q-2

Sections .5.co.ce.

377

638

323

231

272

190

1.J80

73.14

76.04

75.57

76.10

74.37

73.46

Ii ...

Q-4

1.010

■i

7GO

Q-4

27.7

2018 0-3 2018 0-4 2019 0-1

52% 55%

2018 0-3 2018 0-4 2019 0-1

%Pass

58.09%

61.91%

61.61%

60.61%

59.19%

60.53%

- 2016

- 2017

2018 - 2019

- 2016

- 2017

2018

- 2019

27.7

2019 0-2

61%

2019 0-2



Unique Candidates

New Candidates

Total Sections

Passing 4th Section


Pass Rate

Average Score

1.456

Q-1

1,122

I 811 i

Q-1

901

191 First-Time

1,208 Re-Exam

194 AUD

1.34 BEC

64.4% FAR

75.85 REG

Jurisdiction Ranking Candidates

15

5

Pass Rate

943 1,063 1,016

11 Q-2

747 798 807

■ ■ Q-2

Sections

Q-3

Candidates

Sections

16

4

Avg Score

958 851 901

■ ■ Q-3

Average Age

Se�ti2□s �

367 75.8

839 75.84

265 74.50

276 79.88

369 73.61

298 76.08

Q-4

1.010 798 760

■■ Q-4

%eass

62.67%

65.08%

58.49%

71.74%

61.79%

66.11%

- 2016 - 2017

2018 • 2019

- 2016 - 2017

2018 • 2019

2016 Q-4 2017 Q-1 2017 Q-2 2017 Q-3 2017 Q-4 2018 Q-1 2018 Q-2 2018 Q-3 2018 Q-4 2019 Q-1 2019 Q-2 2019 Q-3

% Pass

61%

2016 Q-4 2017 Q-1 2017 Q-2 2017 Q-3 2017 Q-4 2018 Q-1 2018 Q-2 2018 Q-3 2018 Q-4 2019 Q-1 2019 Q-2 2019 Q-3

Page 1 of 2



Unique Candidates 769 S�i;tiQDS .s.@m

New Candidates 134 First-Time 253 68.27

Total Sections 985 Re-Exam 727 72.92

Passing 4th Section 134 AUD 255 72.60

Sections I Candidates 1.28 BEC 198 76.62

Pass Rate 50.25% FAR 272 67.17

Average Score 71.73 REG 260 71.92


17 16

29 22 Pass Rate Avg Score

Sections 1,456

1.343

Ii 1.063

1,206 1,208

943 1,016

II 1,027 985

852 962

11 II Q-1 Q-2 Q-3 0·4

Candidates

1,122 958 901

Ii 722 747 798 807 851 798 760 769

■■ ■■ ■■ Q-1 Q-2 Q-3 Q-4

Average Age

0fq eass

43.87%

52.54%

48.24%

61.62%

37.5%

56.92%

- 2017- 2018

2019

- 2017- 2018

2019

2017 0-1 2017 0-2 2017 0-3 2017 0-4 2018 0-1 2018 0-2 2018 0-3 2018 0-4 2019 0-1 2019 0-2 2019 0-3 2019 0-4

%Pass

55% 50%

2017 0-1 2017 0-2 2017 Q-3 2017 0-4 2018 0-1 2018 0-2 2018 0-3 2018 0-4 2019 0-1 2019 0-2 2019 0·3 2019 0·4

Page 1 of 2



Unique Candidates

New Candidates

Total Sections

Passing 4th Section

Sections / Candidates

Pass Rate

Average Score

986 852 875

11 Q-1

811 722 771

■ ■ Q-1

771

261 First-Time

875 Re-Exam

115 AUD

1.13 BEC

58.51% FAR

73.10 REG


15

7

Pass Rate

943 1.063 1,016

11 Q-2

747 798 807

■■ Q-2

16

15 Avg Score

Sections

1.343

Ii.,.. Q-3

Candidates

958 851 901

■■ Q-3

Sei.ti2as

345

526

241

238

201

195

1,027 962 985

II Q-4

798 760 769

■■ Q-4

.5.@r_e_

73.04

73.21

70.92

79.21

69.16

72.41

0

/Q eass

59.13%

58.56%

49.79%

71.01 %

52.74%

60.0%

- 2017 - 2018

2019 - 2020

• 2017 - 2018

2019 - 2020

2017 Q-2 2017 Q-3 2017 Q-4 2018 Q-1 2018 Q-2 2018 Q-3 2018 Q-4 2019 Q-1 2019 Q-2 2019 Q-3 2019 Q-4 2020 Q-1

¾Pass

50%

2017 Q-2 2017 Q-3 2017 Q-4 2018 Q-1 2018 Q-2 2018 Q-3 2018 Q-4 2019 Q-1 2019 Q-2 2019 Q-3 2019 Q-4 2020 Q-1

Page 1 of 2

Initial 2021 2020 2019 2018 2017Mth # # # # #

April 14 61 70 55 97May 59 70 77 58 85June 87 62 61 57 110July 0 92 66 38 74Aug 0 51 62 50 85Sept 0 54 48 59 83Oct 0 62 84 47 60Nov 0 58 82 79 104Dec 0 83 81 79 115Jan 0 111 91 131 129Feb 0 70 74 39 58March 0 41 45 66 67

Avg 53 68 70 63 89

Initial 2021 2020 2019 2018 2017Mth Sum Sum Sum Sum Sum


Exam Applications

Exam Applications

NC State Board of CPA ExaminersMonthly and Year-to-Date Operational Metrics

0

20

40

60

80

100

120

April May June July Aug Sept Oct Nov Dec Jan Feb March

Initial Exam Applications - Monthly

FY2021

FY2020

FY2019

0

100

200

300

400

500

600

700

800

900


Initial Exam Applications - Yr to Date

FY2021

FY2020

FY2019

ITEM VI-B

Re-Ex 2021 2020 2019 2018 2017Mth # # # # #


Avg 145 170 164 176 219

Re-Ex 2021 2020 2019 2018 2017Mth Sum Sum Sum Sum Sum



Exam Applications

Exam Applications

0

50

100

150

200

250


Re-Exam Applications - Monthly

FY2021

FY2020

FY2019

0

500

1000

1500

2000

2500


Re-Exam Applications - Yr to Date

FY2021

FY2020

FY2019

Org 2021 2020 2019 2018 2017Mth # # # # #


Avg 5 48 49 47 54

Org 2021 2020 2019 2018 2017Mth Sum Sum Sum Sum Sum



License Applications


0

20

40

60

80

100

120


Original CPA License Applications - Monthly

FY2021

FY2020

FY2019

0

100

200

300

400

500

600

700


Original CPA License Applications - Yr to Date

FY2021

FY2020

FY2019

Recp 2021 2020 2019 2018 2017Mth # # # # #


Avg 21 29 31 27 28

Recp 2021 2020 2019 2018 2017Mth Sum Sum Sum Sum Sum





0

20

40

60

80

100

120


Reciprocal CPA License Applications - Monthly

FY2021

FY2020

FY2019

0

50

100

150

200

250

300

350

400


Reciprocal CPA License Applications - Yr to Date

FY2021

FY2020

FY2019

2021 2020 2019 2018 2017 2016Mth # # # # # #

April 3 7 12 7 3 18May 12 14 13 12 14 11June 8 25 7 16 8 17July 0 11 3 19 6 13Aug 0 6 23 22 14 11Sept 0 5 7 14 8 25Oct 0 11 10 23 9 13Nov 0 12 9 15 14 14Dec 0 16 11 15 30 22Jan 0 26 21 30 24 28Feb 0 11 22 18 18 16March 0 5 12 10 19 17

Avg 8 12 13 17 14 17

2021 2020 2019 2018 2017 2016Mth Sum Sum Sum Sum Sum Sum



Firm Registration

Firm Registration

0

5

10

15

20

25

30


Firm Registrations - Monthly

FY2021

FY2020

FY2019

0

20

40

60

80

100

120

140

160


Firm Registrations - Yr to Date

FY2021

FY2020

FY2019

Open 2021 2020 2019 2018 2017Mth # # # # #


Avg 9 26 38 23 31

Open 2021 2020 2019 2018 2017Mth Sum Sum Sum Sum Sum



Prf Stds Cases

Prf Stds Cases

0

10

20

30

40

50

60

70

80

90

100


Prof Stds Open Cases - Monthly

FY2021

FY2020

FY2019

0

50

100

150

200

250

300

350

400

450

500


Prof Stds Open Cases - Yr to Date

FY2021

FY2020

FY2019

Closed 2021 2020 2019 2018 2017 2016Mth # # # # # #


Avg 21 28 38 20 35 26

Closed 2021 2020 2019 2018 2017 2016Mth Sum Sum Sum Sum Sum Sum



Prf Stds Cases

Prf Stds Cases

0

10

20

30

40

50

60

70

80


Prof Stds Closed Cases - Monthly

FY2021

FY2020

FY2019

0

50

100

150

200

250

300

350

400

450

500


Prof Stds Closed Cases - Yr to Date

FY2021

FY2020

FY2019

2021 2020 2019 2018 2017Mth # # # # #


Avg 114 52 46 48 42

2021 2020 2019 2018 2017Mth Sum Sum Sum Sum Sum



Inactive Applications

Inactive Applications

0

50

100

150

200

250


Inactive CPA Applications - Monthly

FY2021

FY2020

FY2019

0

100

200

300

400

500

600

700


Inactive CPA Applications - Yr to Date

FY2021

FY2020

FY2019

Month Initial Re-Exam Month Original Reciprocal Month Total Month Begin Bal Open Closed End Bal Month TotalJan-15 107 130 Jan-15 96 51 Jan-15 18 Jan-15 202 66 54 214 Jan-15 47Feb-15 62 110 Feb-15 64 16 Feb-15 20 Feb-15 214 22 40 196 Feb-15 13Mar-15 82 227 Mar-15 48 4 Mar-15 12 Mar-15 196 40 38 198 Mar-15 18Apr-15 97 180 Apr-15 48 61 Apr-15 18 Apr-15 198 7 38 167 Apr-15 29

May-15 78 151 May-15 40 11 May-15 11 May-15 167 26 18 175 May-15 73Jun-15 77 312 Jun-15 0 4 Jun-15 17 Jun-15 175 6 21 160 Jun-15 126Jul-15 66 178 Jul-15 60 54 Jul-15 13 Jul-15 160 10 32 138 Jul-15 90

Aug-15 52 155 Aug-15 100 21 Aug-15 11 Aug-15 138 31 27 142 Aug-15 6Sep-15 51 296 Sep-15 44 5 Sep-15 25 Sep-15 142 27 33 136 Sep-15 7Oct-15 64 154 Oct-15 74 70 Oct-15 13 Oct-15 136 53 32 157 Oct-15 21Nov-15 62 151 Nov-15 45 27 Nov-15 14 Nov-15 157 26 25 158 Nov-15 25Dec-15 139 276 Dec-15 0 2 Dec-15 22 Dec-15 158 9 24 143 Dec-15 35Jan-16 121 139 Jan-16 133 36 Jan-16 28 Jan-16 143 12 17 138 Jan-16 42Feb-16 101 141 Feb-16 68 12 Feb-16 16 Feb-16 138 17 21 134 Feb-16 17Mar-16 92 305 Mar-16 43 3 Mar-16 17 Mar-16 134 34 19 149 Mar-16 19Apr-16 97 191 Apr-16 60 69 Apr-16 3 Apr-16 149 27 31 145 Apr-16 38








Exam Applications Certificate Applications CPA Firm Registrations Professional Stds Cases Inactive

Month Initial Re-Exam Month Original Reciprocal Month Total Month Begin Bal Open Closed End Bal Month Total

Exam Applications Certificate Applications CPA Firm Registrations Professional Stds Cases Inactive




1Opt-outs

0% of recipients8Shares

Reminder: It's Time to Renew Your NC CPA License"NC State Board of CPA Examiners" <[email protected]>1 group and 5 individuals Sent to 12,869 recipients on Jun 5, 2020 8:00 am

this mailingcommunity avg

10MailingScore

49%Opens

6,289 opens29%Clicks

1,817 unique clicks100%Delivery

12,822 delivered48 bounced

66.1% Desktop

33.9% Mobile

0% AOL

4.3% AppleMail

21.8% Gmail

4.7% Outlook

0% Outlook.com

0.0% Yahoo! Mail

69.2% Unknown

OPENS BY DEVICE

OPENS BY CLIENT

CLICK ANALYSIS

North Carolina Renewal Email - 2020 - ReminderReminder: It's Time to Renew Your NC CPA LicenseJun 05 2020 08:00:19 AM CDT"NC State Board of CPA Examiners" <[email protected]>

response totals as of Jun 12 2020 09:21:46 AM CDTtotal emails sent: 12869total received: 12822 99.60%total bounces: 47 0.40%

People who opened it: 6293 49.08%Total Clicks: 3740 59.40%People who opted out: 1 0.01%New people who signed up: 0 0.00%

Clicks on links:link 1: 21 NCAC 08G .0404, Requirements for CPE Credit - (https://nccpaboard.gov/welcome/subchapter-08g-continuing-professional-education-cpe/): 124 3.32%link 2: 21 NCAC 08G .0406 - (https://nccpaboard.gov/welcome/subchapter-08g-continuing-professional-education-cpe/): 4 0.11%link 3: Activity Review - (https://nccpaboard.gov/welcome/activity-review/): 4 0.11%link 4: April issue of the Activity Review - (https://bit.ly/2xdoaSp): 468 12.51%link 5: Boardâ€™s online licensee database - (https://ncboaprod.glsuite.us/GLSuiteWeb/Clients/NCBOA/ASPX/LicenseeSearch.aspx): 159 4.25%link 6: CPE Rules for 2020-2021 Certificate Renewal - (https://nccpaboard.gov/wp-content/uploads/2020/01/08G-Expired-Dec-31-2019.pdf): 492 13.16%link 7: CPE sponsor registered with the National Association of State Boards of Accountancy - (https://www.nasbaregistry.org/): 93 2.49%link 8: Employee Fair Classification Act (EFCA) Public Notice Statement - (http://www.ic.nc.gov/121317ECSPublicNotice.pdf): 15 0.40%link 9: extension - (https://nccpaboard.gov/wp-content/uploads/2018/09/Request-for-Extension-to-Complete-CPE-Hours.pdf): 54 1.44%link 10: http://d31hzlhk6di2h5.cloudfront.net/20200604/2e/fb/85/25/db063d99b11f9f7e204ea3e5_1280x568.jpg - (https://nccpaboard.gov/): 270 7.22%link 11: nccpaboard.gov - (https://t.e2ma.net/click/7miyub/7i7q6q/j0o9li): 2012 53.80%link 12: nccpaboard.gov - (https://t.e2ma.net/click/zo6jm/3j9thr/jovaud): 14 0.37%link 13: NC Gen. Stat. Chapter 143, Article 82 - (https://nccpaboard.gov/wp-content/uploads/2018/04/S407v5.pdf): 3 0.08%link 14: NC Industrial Commissionâ€™s website - (http://www.ic.nc.gov/EmployeeClassificationSection.html): 3 0.08%link 15: request inactive status - (https://nccpaboard.gov/resources/request-for-inactive-status/): 25 0.67%

Social sharing: 8

Shares via Email: 1Shares on Facebook: 3Shares on Twitter: 3Shares on Linked-In: 1

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June Newsletter from the NC CPA Board"NC State Board of CPA Examiners" <[email protected]> 4 groupsSent to 24,825 recipients on Jun 25, 2020 8:30 am


10MailingScore

43%Opens




66.9% Desktop

33.1% Mobile

0% AOL

4.2% AppleMail

30.8% Gmail

3.0% Outlook

0% Outlook.com

0% Yahoo! Mail

62.0% Unknown

OPENS BY DEVICE

OPENS BY CLIENT

CLICK ANALYSIS

North Carolina June 2020 NewsletterJune Newsletter from the NC CPA BoardJun 25 2020 08:30:22 AM CDT

total emails sent: 24825total received: 24769 99.80%total bounces: 56 0.20%


Clicks on links:link 1: .jpg - (https://nccpaboard.gov/): 71 1.27%link 2: .pdf - (https://nccpaboard.gov/wp-content/uploads/2020/06/06-2020-Activity-Review.pdf): 3 0.05%link 3: nccpaboard.gov - (https://nccpaboard.gov/): 18 0.32%link 4: Thumbnail image of Activity Review's cover - (https://nccpaboard.gov/wp-content/uploads/2020/06/06-2020-Activity-Review.pdf): 740 13.26%link 5: VIEW THE JUNE 2020 EDITION - (https://nccpaboard.gov/wp-content/uploads/2020/06/06-2020-Activity-Review.pdf): 4607 82.56%link 6: website - (http://nccpaboard.gov/welcome/activity-review/): 141 2.53%

Social sharing: 21


1Opt-outs


Final Reminder: It's Time to Renew Your NC CPA License"NC State Board of CPA Examiners" <[email protected]>1 group and 2 individuals Sent to 4,811 recipients on Jun 26, 2020 8:30 am


10MailingScore

50%Opens




66.8% Desktop

33.2% Mobile

0% AOL

3.9% AppleMail

24.9% Gmail

3.7% Outlook

0% Outlook.com

0% Yahoo! Mail

67.5% Unknown

OPENS BY DEVICE

OPENS BY CLIENT

CLICK ANALYSIS

North Carolina Renewal Email - 2020 - Reminder - FINALFinal Reminder: It's Time to Renew Your NC CPA LicenseJun 26 2020 08:30:54 AM CDT"NC State Board of CPA Examiners" <[email protected]>"2020 JUNE NC Reminder FINAL",[email protected],[email protected]

response totals as of Jul 07 2020 08:54:32 AM CDTtotal emails sent: 4811total received: 4803 99.80%total bounces: 8 0.20%


Clicks on links:link 1: 21 NCAC 08G .0404, Requirements for CPE Credit - (https://nccpaboard.gov/welcome/subchapter-08g-continuing-professional-education-cpe/): 42 2.15%link 2: Activity Review - (https://nccpaboard.gov/welcome/activity-review/): 2 0.10%link 3: April issue of the Activity Review - (https://bit.ly/2xdoaSp): 228 11.65%link 4: Boardâ€™s online licensee database - (https://ncboaprod.glsuite.us/GLSuiteWeb/Clients/NCBOA/ASPX/LicenseeSearch.aspx): 71 3.63%link 5: CPE Rules for 2020-2021 Certificate Renewal - (https://nccpaboard.gov/wp-content/uploads/2020/01/08G-Expired-Dec-31-2019.pdf): 197 10.07%link 6: CPE sponsor registered with the National Association of State Boards of Accountancy - (https://www.nasbaregistry.org/): 34 1.74%link 7: Employee Fair Classification Act (EFCA) Public Notice Statement - (http://www.ic.nc.gov/121317ECSPublicNotice.pdf): 14 0.72%link 8: extension - (https://nccpaboard.gov/wp-content/uploads/2018/09/Request-for-Extension-to-Complete-CPE-Hours.pdf): 19 0.97%link 9: http://d31hzlhk6di2h5.cloudfront.net/20200625/2e/fb/85/25/db063d99b11f9f7e204ea3e5_1280x568.jpg - (https://nccpaboard.gov/): 169 8.64%link 10: https://nccpaboard.gov/ - (https://nccpaboard.gov/): 1 0.05%link 11: nccpaboard.gov - (https://t.e2ma.net/click/7miyub/7i7q6q/j0o9li): 1156 59.07%link 12: nccpaboard.gov - (https://t.e2ma.net/click/zo6jm/3j9thr/jovaud): 6 0.31%link 13: NC Gen. Stat. Chapter 143, Article 82 - (https://nccpaboard.gov/wp-content/uploads/2018/04/S407v5.pdf): 1 0.05%link 14: NC Industrial Commissionâ€™s website - (http://www.ic.nc.gov/EmployeeClassificationSection.html): 2 0.10%link 15: request inactive status - (https://nccpaboard.gov/resources/request-for-inactive-status/): 15 0.77%

Social sharing: 3


AnalyticsNC CPA Board website

All Web Site Data

Jun 1, 2020 - Jun 30, 2020

May 1, 2020 - May 31, 2020

% Change

Jun 1, 2020 - Jun 30, 2020

May 1, 2020 - May 31, 2020

% Change

Jun 1, 2020 - Jun 30, 2020

May 1, 2020 - May 31, 2020

% Change

Jun 1, 2020 - Jun 30, 2020

Language Users % Users

1. en-us

21,151 90.96%

14,785 92.14%

43.06% -1.29%

2. en

1,917 8.24%

1,088 6.78%

76.19% 21.58%

3. en-gb

73 0.31%

48 0.30%

52.08% 4.94%

4. zh-cn

50 0.22%

Audience Overview

Jun 1, 2020 - Jun 30, 2020Compare to: May 1, 2020 - May 31, 2020

Overview

Jun 1, 2020 - Jun 30, 2020

May 1, 2020 - May 31, 2020

Jun 1, 2020 - Jun 30, 2020: UsersMay 1, 2020 - May 31, 2020: Users

… Jun 3 Jun 5 Jun 7 Jun 9 Jun 11 Jun 13 Jun 15 Jun 17 Jun 19 Jun 21 Jun 23 Jun 25 Jun 27 Jun 29 Jul 1

1,0001,0001,000

2,0002,0002,000

3,0003,0003,000

Users

45.59%23,343 vs 16,033

New Users

46.37%19,684 vs 13,448

Sessions

38.81%31,103 vs 22,407

Number of Sessions per User

-4.66%1.33 vs 1.40

Pageviews

39.37%66,059 vs 47,397

Pages / Session

0.41%2.12 vs 2.12

Avg. Session Duration

-2.61%00:02:57 vs 00:03:01

New Visitor Returning Visitor

26.4%

73.6%

27.6%

72.4%

All Users

https://analytics.google.com/analytics/web/?utm_medium=email&utm_campaign=GA_Monthly_Snapshot_June&utm_content=See_My_Full_Report&utm_source=pdfReportLink#/report/visitors-overview/a61656745w96391266p100548466/_u.date00=20200601&_u.date01=20200630&_u.date10=20200501&_u.date11=20200531&overview-graphOptions.selected=analytics.nthDay

EXECUTIVE STAFF REPORT June 2020

NC Department of Revenue (NCDOR) Webinar: On June 4, Lisa and Bob attended the NCDOR’s Privilege License Tax Webinar that discussed who, in the field of accounting, must purchase an annual NC privilege license.

Monthly Meeting: David and Bob met with the NCACPA’s Sharon Bryson and Mark Soticheck by conference call on June 8.

NASBA Eastern Regional Meeting: On June 10 and 11, Bob, David, and Lisa participated in NASBA’s virtual Eastern Regional Meeting.

Communicating During a Pandemic for Boards: On June 17, Bob and Lisa participated in NASBA’s Communications Departments webinar on communication during the COVID-19 pandemic.

NCACPA CPA Inauguration: Bob and David attended the virtual NCACPA CPA Inauguration on June 18.

NASBA CBT Administration Committee: Bob participated in the Committee’s June 23 conference call meeting.

NC Local Government Auditing, Reporting, and Review: David assisted in a presentation on the updated auditor independence rules per the GAO Yellow Book on June 23.

Unpacking Unconscious Bias: On June 25, David reviewed this one-hour presentation, a complimentary CPE offered by CPAacademy.org, to determine the feasibility of using it for staff training.

ITEM VI-C

Documents

How to Participate in a Teleconference or Videoconference ... · 07/07/2020 · levels are letter graded (A+ through F), while 600 and 800 level courses are S/U graded. Courses regularly